SharkNinja (NYSE:SN) Shares Gap Down – Should You Sell?

SharkNinja, Inc. (NYSE:SN) gapped down prior to trading on Thursday . The stock had previously closed at $88.43, but opened at $77.07. SharkNinja shares last traded at $70.59, with a volume of 996,114 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SN shares. Morgan Stanley increased their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Stock Up 0.9 %

The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $98.77 and its 200-day simple moving average is $101.55. The company has a market cap of $9.81 billion, a PE ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, equities research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SN. Stifel Financial Corp increased its holdings in shares of SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after buying an additional 100 shares during the last quarter. Voya Investment Management LLC increased its stake in SharkNinja by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock worth $1,282,000 after acquiring an additional 154 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in SharkNinja by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock worth $2,833,000 after acquiring an additional 180 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock valued at $413,000 after purchasing an additional 219 shares in the last quarter. Finally, Zacks Investment Management grew its holdings in shares of SharkNinja by 1.6% during the 4th quarter. Zacks Investment Management now owns 15,879 shares of the company’s stock worth $1,546,000 after purchasing an additional 257 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.