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

SharkNinja, Inc. (NYSE:SN) has received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $127.5714.

SN has been the topic of a number of research reports. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. lowered their target price on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Morgan Stanley set a $110.00 price target on shares of SharkNinja in a research note on Monday, October 27th.

SharkNinja Stock Down 3.5%

NYSE SN opened at $88.09 on Friday. The business has a fifty day moving average price of $99.01 and a 200 day moving average price of $102.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The company has a market cap of $12.43 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.60 and a beta of 1.51. SharkNinja has a one year low of $60.50 and a one year high of $128.51.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, November 6th. The company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.18. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.62 billion. SharkNinja had a net margin of 9.45% and a return on equity of 28.93%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 EPS. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. Research analysts anticipate that SharkNinja will post 4.52 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new stake in SharkNinja during the 3rd quarter worth $29,000. Harbour Investments Inc. increased its stake in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 406 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of SharkNinja during the second quarter worth about $43,000. SVB Wealth LLC purchased a new position in shares of SharkNinja during the first quarter worth about $36,000. Finally, TFC Financial Management Inc. acquired a new position in SharkNinja in the 3rd quarter valued at about $55,000. 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.