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

SharkNinja, Inc. (NYSE:SN) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $122.50.

A number of research firms have weighed in on SN. Jefferies Financial Group raised their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Morgan Stanley lifted their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th.

SharkNinja Stock Down 4.5 %

Shares of SharkNinja stock opened at $86.53 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a 50-day moving average of $105.94 and a 200 day moving average of $102.92. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja has a 1 year low of $55.17 and a 1 year high of $123.00.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, sell-side analysts anticipate that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SN. Quarry LP purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $47,000. Safe Harbor Fiduciary LLC purchased a new position in shares of SharkNinja during the third quarter valued at approximately $54,000. Continuum Advisory LLC raised its holdings in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock valued at $54,000 after purchasing an additional 550 shares during the last quarter. R Squared Ltd purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $55,000. Finally, Covestor Ltd raised its holdings in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after purchasing an additional 475 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.