Wall Street Zen lowered shares of SharkNinja (NYSE:SN – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Several other equities research analysts also recently weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $219.10 target price on shares of SharkNinja in a research report on Wednesday, August 12th. William Blair reiterated an “outperform” rating on shares of SharkNinja in a report on Wednesday, November 4th. Jefferies Financial Group reissued a “buy” rating and set a $300.00 price target on shares of SharkNinja in a research report on Wednesday, November 4th. Guggenheim boosted their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, BTIG Research upped their price target on SharkNinja from $245.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Fourteen research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $211.39.
View Our Latest Research Report on SharkNinja
SharkNinja Stock Performance
NYSE:SN opened at $229.69 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $32.36 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.59 and a beta of 1.21. The firm’s fifty day simple moving average is $186.80 and its 200 day simple moving average is $145.55. SharkNinja has a twelve month low of $83.21 and a twelve month high of $232.76.
SharkNinja (NYSE:SN – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.44. SharkNinja had a net margin of 11.64% and a return on equity of 28.84%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company earned $1.50 EPS. The firm’s revenue was up 21.2% on a year-over-year basis. As a group, equities research analysts expect that SharkNinja will post 5.93 earnings per share for the current fiscal year.
Insider Buying and Selling
In other SharkNinja news, insider Neil Shah sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 40.80% of the stock is owned by corporate insiders.
Institutional Trading of SharkNinja
Several large investors have recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in shares of SharkNinja by 60.3% in the third quarter. Intech Investment Management LLC now owns 33,294 shares of the company’s stock worth $5,997,000 after acquiring an additional 12,529 shares in the last quarter. Silver Oak Securities Incorporated grew its stake in SharkNinja by 18.0% during the 3rd quarter. Silver Oak Securities Incorporated now owns 6,176 shares of the company’s stock valued at $1,112,000 after purchasing an additional 941 shares in the last quarter. Bessemer Group Inc. grew its stake in SharkNinja by 2,299.4% during the 3rd quarter. Bessemer Group Inc. now owns 7,462 shares of the company’s stock valued at $1,344,000 after purchasing an additional 7,151 shares in the last quarter. Hantz Financial Services Inc. grew its stake in SharkNinja by 49.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,474 shares of the company’s stock valued at $446,000 after purchasing an additional 817 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in SharkNinja by 2.2% during the 3rd quarter. Harbour Investments Inc. now owns 2,149 shares of the company’s stock worth $387,000 after purchasing an additional 46 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.
SharkNinja Company Profile
SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels.
The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.
See Also
- Five stocks we like better than SharkNinja
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for SharkNinja Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SharkNinja and related companies with MarketBeat.com's FREE daily email newsletter.
