SharkNinja, Inc. (NYSE:SN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of SharkNinja, Inc. (NYSE:SN) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $122.50.

A number of analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley upped their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th.

Hedge Funds Weigh In On SharkNinja

A number of large investors have recently modified their holdings of SN. Assetmark Inc. acquired a new position in shares of SharkNinja during the third quarter worth approximately $527,000. Consolidated Investment Group LLC lifted its position in shares of SharkNinja by 103.9% during the third quarter. Consolidated Investment Group LLC now owns 15,700 shares of the company’s stock worth $1,706,000 after purchasing an additional 8,000 shares in the last quarter. WCM Investment Management LLC acquired a new position in SharkNinja in the third quarter valued at approximately $23,874,000. Baillie Gifford & Co. lifted its holdings in SharkNinja by 6,408.9% in the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after buying an additional 1,797,578 shares during the period. Finally, Aigen Investment Management LP acquired a new position in SharkNinja in the third quarter valued at approximately $550,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

NYSE:SN opened at $88.20 on Tuesday. The firm’s 50-day moving average is $105.24 and its 200-day moving average is $102.80. SharkNinja has a 52-week low of $56.10 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Equities research analysts anticipate that SharkNinja will post 4.52 earnings per share for the current year.

SharkNinja Company Profile

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.