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

Shares of SharkNinja, Inc. (NYSE:SN) gapped down before the market opened 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.

Analysts Set New Price Targets

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

SharkNinja Stock Down 18.6 %

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 stock’s 50-day moving average price is $100.41 and its two-hundred day moving average price is $102.01. The stock has a market capitalization of $10.07 billion, a PE ratio of 23.14, a P/E/G ratio of 2.35 and a beta of 1.24.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new position in shares of SharkNinja during the third quarter valued at $271,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in SharkNinja by 306.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company’s stock worth $3,523,000 after buying an additional 24,423 shares during the last quarter. Holocene Advisors LP lifted its stake in shares of SharkNinja by 51.7% in the third quarter. Holocene Advisors LP now owns 118,028 shares of the company’s stock worth $12,831,000 after buying an additional 40,220 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of SharkNinja during the third quarter valued at approximately $17,826,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of SharkNinja during the third quarter valued at approximately $770,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.