SharkNinja (NYSE:SN) Shares Gap Up – What’s Next?

SharkNinja, Inc. (NYSE:SN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $89.30, but opened at $92.86. SharkNinja shares last traded at $92.48, with a volume of 407,292 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Oppenheimer increased their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Canaccord Genuity Group increased their price objective 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. Weiss Ratings cut SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on SharkNinja from $136.00 to $131.00 and set an “overweight” rating for the company in a report on Friday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $130.00.

SharkNinja Trading Down 1.0%

The firm has a market cap of $12.48 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.68 and a beta of 1.56. The business’s 50-day moving average is $111.82 and its two-hundred day moving average is $99.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN) last released its earnings results 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Oak Thistle LLC bought a new position in SharkNinja in the third quarter valued at approximately $787,000. Corient Private Wealth LLC bought a new position in shares of SharkNinja in the second quarter valued at $269,000. Captrust Financial Advisors bought a new position in shares of SharkNinja in the second quarter valued at $402,000. Tidal Investments LLC bought a new position in shares of SharkNinja in the second quarter valued at $477,000. Finally, Shay Capital LLC bought a new position in shares of SharkNinja in the 2nd quarter valued at about $330,000. 34.77% of the stock is currently owned by institutional investors.

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.