SharkNinja (NYSE:SN) Stock Rating Lowered by Wall Street Zen

SharkNinja (NYSE:SN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts also recently commented on SN. Jefferies Financial Group set a $175.00 target price on SharkNinja in a report on Monday, June 30th. Guggenheim reiterated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Oppenheimer lifted their target price on SharkNinja from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Canaccord Genuity Group boosted their price target on SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Weiss Ratings lowered SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.00.

SharkNinja Stock Down 1.0%

Shares of NYSE SN opened at $88.45 on Friday. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.68 and a beta of 1.56. SharkNinja has a 1 year low of $60.50 and a 1 year high of $128.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The stock’s 50-day simple moving average is $111.82 and its 200-day simple moving average is $99.47.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. The firm had revenue of $1.44 billion during 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, equities analysts anticipate that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently modified their holdings of the stock. World Investment Advisors increased its position in SharkNinja by 3.0% during the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock worth $328,000 after buying an additional 98 shares during the last quarter. Forum Financial Management LP boosted its stake in shares of SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company’s stock worth $240,000 after acquiring an additional 144 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares during the last quarter. Xponance Inc. increased its holdings in shares of SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company’s stock valued at $356,000 after acquiring an additional 220 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of SharkNinja by 6.1% in the 2nd quarter. California State Teachers Retirement System now owns 4,438 shares of the company’s stock valued at $439,000 after acquiring an additional 257 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

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.