Analysts Set SharkNinja, Inc. (NYSE:SN) PT at $131.86

SharkNinja, Inc. (NYSE:SN) has been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $131.8571.

Several research firms have recently commented on SN. Canaccord Genuity Group raised their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Guggenheim reaffirmed a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Zacks Research raised shares of SharkNinja from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors lifted its position in SharkNinja by 3.0% during the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock valued at $328,000 after purchasing an additional 98 shares during the period. Forum Financial Management LP raised its stake in SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company’s stock valued at $240,000 after buying an additional 144 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 155 shares during the period. Xponance Inc. boosted its stake in shares of SharkNinja by 5.4% in the 1st quarter. Xponance Inc. now owns 4,273 shares of the company’s stock worth $356,000 after buying an additional 220 shares during the last quarter. Finally, California State Teachers Retirement System boosted 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 worth $439,000 after buying an additional 257 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN stock opened at $106.07 on Friday. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.01 and a beta of 1.68. The firm’s 50-day moving average price is $115.86 and its two-hundred day moving average price is $99.09. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. SharkNinja has a 12-month low of $60.50 and a 12-month high of $128.51.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $0.71 EPS. SharkNinja’s quarterly 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. As a group, equities analysts predict that SharkNinja will post 4.52 earnings per share for the current year.

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.