SharkNinja, Inc. (NYSE:SN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

SharkNinja, Inc. (NYSE:SN) has received an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $122.50.

SN has been the subject of several research reports. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

SharkNinja Price Performance

Shares of NYSE SN opened at $110.28 on Friday. SharkNinja has a 1-year low of $51.93 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The stock has a fifty day moving average price of $105.30 and a 200 day moving average price of $101.51. The company has a market cap of $15.43 billion, a PE ratio of 43.25, a P/E/G ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Sell-side analysts forecast that SharkNinja will post 3.91 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Quarry LP acquired a new position in SharkNinja during the 4th quarter worth approximately $47,000. Hollencrest Capital Management acquired a new position in SharkNinja during the 3rd quarter worth approximately $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja during the 3rd quarter worth approximately $54,000. Finally, Continuum Advisory LLC lifted its position in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after acquiring an additional 550 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

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.