SharkNinja (NYSE:SN) Sets New 12-Month Low – Here’s What Happened

Shares of SharkNinja, Inc. (NYSE:SN) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $60.50 and last traded at $71.21, with a volume of 1409739 shares trading hands. The stock had previously closed at $69.49.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SN shares. Jefferies Financial Group upped their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Stock Performance

The stock has a market cap of $9.81 billion, a P/E ratio of 22.54, a PEG ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a fifty day moving average of $98.77 and a 200 day moving average of $101.54.

SharkNinja (NYSE:SN) last posted its quarterly earnings data 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 return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Large investors have recently made changes to their positions in the business. FMR LLC lifted its stake in SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after buying an additional 2,155,136 shares in the last quarter. Norges Bank acquired a new stake in shares of SharkNinja during the 4th quarter valued at $100,845,000. Palestra Capital Management LLC boosted its stake in shares of SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock worth $173,377,000 after acquiring an additional 809,960 shares in the last quarter. Finally, Greenvale Capital LLP acquired a new position in shares of SharkNinja in the 4th quarter worth $73,020,000. Institutional investors own 34.77% of the company’s stock.

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.