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

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

Wall Street Analyst Weigh In

SN has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Jefferies Financial Group lifted 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. Finally, JPMorgan Chase & Co. lifted their price target on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Down 0.4 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market capitalization of $12.67 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.35 and a beta of 1.24. The stock has a 50-day moving average price of $106.12 and a 200-day moving average price of $102.86.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after purchasing an additional 101,020 shares in the last quarter. Tidal Investments LLC increased its holdings in SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in SharkNinja in the third quarter worth approximately $5,832,000. Advisors Asset Management Inc. increased its holdings in SharkNinja by 50.6% in the third quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock worth $2,154,000 after purchasing an additional 6,662 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in SharkNinja by 30.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company’s stock worth $11,430,000 after purchasing an additional 27,436 shares in the last quarter. 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.