Weiss Ratings Downgrades SharkNinja (NYSE:SN) to Hold (C+)

Key Points

• Weiss Ratings has downgraded SharkNinja (NYSE:SN) from a "buy (B-)" rating to a "hold (C+)" rating, indicating a shift in outlook for the stock.
• SharkNinja reported earnings of $0.97 per share for the last quarter, exceeding estimates by $0.19, with revenue up 15.7% year-over-year.
• Despite the downgrade, the stock has a consensus rating of "Moderate Buy" with a target price of $130.71, reflecting mixed sentiment among analysts.

SharkNinja (NYSE:SN - Get Free Report) was downgraded by equities research analysts at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts have also weighed in on the stock. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $142.00 to $136.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 30th. Finally, Oppenheimer increased their price target on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.71.

SharkNinja Price Performance

SN traded down $0.15 on Wednesday, hitting $91.63. 1,610,359 shares of the company were exchanged, compared to its average volume of 1,511,612. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The business's fifty day moving average is $112.83 and its 200 day moving average is $99.35. SharkNinja has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The firm has a market capitalization of $12.93 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts anticipate that SharkNinja will post 4.52 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Large investors have recently bought and sold shares of the stock. WCM Investment Management LLC raised its stake in SharkNinja by 27.1% during the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after purchasing an additional 47,339 shares during the period. Encompass More Asset Management raised its stake in shares of SharkNinja by 39.3% in the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after acquiring an additional 2,209 shares during the period. GAMMA Investing LLC raised its stake in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of SharkNinja in the 1st quarter valued at $350,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of SharkNinja by 504.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock valued at $209,000 after acquiring an additional 2,088 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.

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