SharkNinja, Inc. (NYSE:SN) Given Average Rating of “Moderate Buy” by Analysts

Shares of SharkNinja, Inc. (NYSE:SN) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company.

A number of brokerages have issued reports on SN. The Goldman Sachs Group increased their target price on shares of SharkNinja from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Canaccord Genuity Group raised their price objective on SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Morgan Stanley upped their target price on SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Bank of America assumed coverage on SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on SharkNinja in a research note on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price target for the company.

Institutional Trading of SharkNinja

Several institutional investors and hedge funds have recently made changes to their positions in SN. Parallel Advisors LLC purchased a new position in shares of SharkNinja in the fourth quarter worth $37,000. Headlands Technologies LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $66,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of SharkNinja during the first quarter valued at approximately $77,000. Tower Research Capital LLC TRC purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $97,000. Finally, Essex LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $204,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

SN opened at 75.68 on Thursday. SharkNinja has a 52-week low of 25.84 and a 52-week high of 80.81. The firm has a market capitalization of $10.59 billion and a PE ratio of 56.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The business’s 50-day simple moving average is 73.89 and its 200 day simple moving average is 61.34.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.95 by 0.11. The company had revenue of 1.07 billion for the quarter, compared to analysts’ expectations of 949.88 million. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. SharkNinja’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. As a group, sell-side analysts expect that SharkNinja will post 3.82 earnings per share for the current fiscal year.

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.