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

Shares of SharkNinja, Inc. (NYSE:SN) have been given a consensus rating of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $120.06.

A number of analysts have issued reports on the company. Canaccord Genuity Group raised their target price on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st.

SharkNinja Stock Up 3.3 %

Shares of SN stock opened at $114.30 on Friday. The stock’s 50 day simple moving average is $104.44 and its 200 day simple moving average is $100.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja has a twelve month low of $49.86 and a twelve month high of $123.00. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last issued its quarterly earnings data 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). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. As a group, research analysts predict that SharkNinja will post 3.91 EPS for the current year.

Institutional Trading of SharkNinja

Several institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its stake in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new stake in SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new stake in SharkNinja in the 3rd quarter valued at $54,000. R Squared Ltd acquired a new stake in SharkNinja in the 4th quarter valued at $55,000. Finally, Waldron Private Wealth LLC acquired a new stake in SharkNinja in the 3rd quarter valued at $65,000. Institutional investors and hedge funds 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.