SharkNinja, Inc. (NYSE:SN) Receives $126.71 Average PT from Brokerages

Shares of SharkNinja, Inc. (NYSE:SN) have received an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $126.7143.

A number of research firms recently weighed in on SN. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nixon Capital LLC raised its stake in shares of SharkNinja by 12.8% during the third quarter. Nixon Capital LLC now owns 159,874 shares of the company’s stock valued at $16,491,000 after purchasing an additional 18,184 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in SharkNinja in the third quarter worth about $97,000. Forum Financial Management LP raised its position in SharkNinja by 8.2% in the third quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock worth $258,000 after acquiring an additional 190 shares in the last quarter. TFC Financial Management Inc. bought a new stake in SharkNinja in the third quarter worth about $55,000. Finally, Benjamin Edwards Inc. bought a new stake in SharkNinja in the third quarter worth about $278,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Down 0.2%

SN stock opened at $96.63 on Wednesday. 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 fifty-two week low of $60.50 and a fifty-two week high of $128.51. The firm’s 50-day simple moving average is $107.13 and its 200 day simple moving average is $100.30. The stock has a market cap of $13.64 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.56.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $0.71 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts predict that SharkNinja will post 4.52 EPS 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.