SharkNinja (NYSE:SN) Stock Price Down 5.9% – Here’s What Happened

SharkNinja, Inc. (NYSE:SN) shares fell 5.9% on Friday . The company traded as low as $86.80 and last traded at $85.54. 317,479 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 1,140,115 shares. The stock had previously closed at $90.91.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SN. Jefferies Financial Group increased their price target on 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 increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley increased their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Trading Down 0.4 %

The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The firm has a fifty day moving average price of $106.12 and a 200-day moving average price of $102.86.

SharkNinja (NYSE:SN) last released its 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 company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

Institutional Trading of SharkNinja

Large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in SharkNinja in the fourth quarter valued at about $47,000. Hollencrest Capital Management acquired a new stake in SharkNinja in the third quarter valued at about $54,000. Safe Harbor Fiduciary LLC acquired a new stake in SharkNinja in the third quarter valued at about $54,000. Continuum Advisory LLC boosted its stake in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock valued at $54,000 after buying an additional 550 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in SharkNinja in the fourth quarter valued at about $55,000. 34.77% of the stock is 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.