SharkNinja (NYSE:SN) Upgraded by Wall Street Zen to “Buy” Rating

SharkNinja (NYSE:SN) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

SN has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday. Canaccord Genuity Group increased 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. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Guggenheim reaffirmed a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $126.71.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $96.63 on Friday. The company’s 50 day moving average price is $107.13 and its two-hundred day moving average price is $100.30. SharkNinja has a 12-month low of $60.50 and a 12-month high of $128.51. The firm has a market cap of $13.64 billion, a PE ratio of 26.40, a PEG ratio of 1.84 and a beta of 1.56. 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 (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. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities research analysts predict that SharkNinja will post 4.52 earnings per share for the current year.

Institutional Investors Weigh In On SharkNinja

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of SharkNinja during the third quarter worth $29,000. GAMMA Investing LLC increased its position in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after buying an additional 155 shares during the period. Harbour Investments Inc. increased its position in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after buying an additional 406 shares during the period. SVB Wealth LLC acquired a new stake in shares of SharkNinja during the first quarter worth $36,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of SharkNinja during the second quarter worth $43,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.