Wall Street Zen Downgrades SharkNinja (NYSE:SN) to Hold

SharkNinja (NYSE:SN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages also recently commented on SN. Oppenheimer decreased their target price on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Guggenheim restated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Canaccord Genuity Group raised their target price on SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price target on SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

SharkNinja Stock Performance

NYSE SN opened at $92.37 on Friday. The company has a 50-day simple moving average of $101.62 and a two-hundred day simple moving average of $101.98. SharkNinja has a 12-month low of $60.50 and a 12-month high of $128.51. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.71 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, November 6th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18. SharkNinja had a return on equity of 28.93% and a net margin of 9.45%.The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the company posted $1.21 EPS. SharkNinja’s revenue for the quarter was up 14.3% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. On average, equities analysts forecast that SharkNinja will post 4.52 EPS for the current year.

Institutional Trading of SharkNinja

Several large investors have recently bought and sold shares of SN. Geneos Wealth Management Inc. purchased a new position in shares of SharkNinja in the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after purchasing an additional 155 shares during the period. Harbour Investments Inc. raised its holdings in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares in the last quarter. New York State Teachers Retirement System purchased a new position in SharkNinja during the second quarter valued at $43,000. Finally, SVB Wealth LLC purchased a new position in SharkNinja during the first quarter valued at $36,000. 34.77% of the stock is 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.