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

Shares of SharkNinja, Inc. (NYSE:SN) have received a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $131.8571.

Several research analysts have weighed in on the company. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research report on Sunday, August 17th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research note on Monday, June 30th. Guggenheim restated a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their target price on SharkNinja from $108.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Zacks Research upgraded SharkNinja from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th.

Hedge Funds Weigh In On SharkNinja

Several institutional investors have recently bought and sold shares of SN. Mariner LLC bought a new position in SharkNinja in the 4th quarter valued at $264,000. Stifel Financial Corp grew its stake in shares of SharkNinja by 11.7% during the fourth quarter. Stifel Financial Corp now owns 5,352 shares of the company’s stock worth $521,000 after purchasing an additional 562 shares during the period. Voya Investment Management LLC grew its stake in SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock valued at $1,282,000 after acquiring an additional 154 shares during the period. Northern Trust Corp grew its stake in SharkNinja by 14.5% in the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company’s stock valued at $12,782,000 after acquiring an additional 16,607 shares during the period. Finally, AQR Capital Management LLC grew its stake in SharkNinja by 126.8% in the fourth quarter. AQR Capital Management LLC now owns 101,823 shares of the company’s stock valued at $9,812,000 after acquiring an additional 56,927 shares during the period. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 3.3%

Shares of SharkNinja stock opened at $117.25 on Tuesday. The stock’s fifty day moving average is $114.79 and its 200-day moving average is $97.39. The firm has a market capitalization of $16.55 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 2.23 and a beta of 1.68. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. SharkNinja has a 12-month low of $60.50 and a 12-month high of $128.51.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities 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.