SharkNinja (NYSE:SN) Now Covered by UBS Group

Research analysts at UBS Group began coverage on shares of SharkNinja (NYSE:SN) in a research report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $76.00 price target on the stock.

SN has been the subject of a number of other reports. Guggenheim initiated coverage on shares of SharkNinja in a research report on Monday, February 5th. They issued a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of SharkNinja in a research report on Thursday, April 4th. They set an “overweight” rating and a $70.00 target price for the company. Morgan Stanley began coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price target on the stock. Canaccord Genuity Group upped their price target on shares of SharkNinja from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped their price target on shares of SharkNinja from $52.00 to $59.00 and gave the company an “action list buy” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of 65.00.

SharkNinja Price Performance

Shares of NYSE:SN opened at 62.59 on Monday. The company’s 50 day simple moving average is 57.39 and its 200 day simple moving average is 50.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. SharkNinja has a 1 year low of 25.84 and a 1 year high of 65.61.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, topping the consensus estimate of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company had revenue of 1.38 billion for the quarter, compared to analysts’ expectations of 1.31 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. SharkNinja’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts anticipate that SharkNinja will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC purchased a new position in SharkNinja in the fourth quarter worth about $37,000. Orion Portfolio Solutions LLC raised its holdings in SharkNinja by 13.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,654 shares of the company’s stock worth $333,000 after buying an additional 786 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in SharkNinja in the third quarter worth about $42,000. Tower Research Capital LLC TRC bought a new stake in shares of SharkNinja in the fourth quarter worth approximately $97,000. Finally, 1492 Capital Management LLC grew its stake in shares of SharkNinja by 16.0% in the fourth quarter. 1492 Capital Management LLC now owns 15,884 shares of the company’s stock worth $813,000 after acquiring an additional 2,193 shares during the period. 34.77% of the stock is owned by hedge funds and other 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.