SharkNinja, Inc. (NYSE:SN) Receives Average Rating of “Buy” from Analysts

SharkNinja, Inc. (NYSE:SN) has received a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company.

SN has been the subject of several recent analyst reports. Guggenheim began coverage on shares of SharkNinja in a research note on Monday, February 5th. They issued a “buy” rating and a $60.00 target price for the company. Canaccord Genuity Group raised their price objective on SharkNinja from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. UBS Group started coverage on SharkNinja in a research note on Monday, April 15th. They issued a “buy” rating and a $76.00 target price for the company. JPMorgan Chase & Co. initiated coverage on SharkNinja in a report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on SharkNinja from $52.00 to $59.00 and gave the company an “action list buy” rating in a report on Friday, February 16th.

SharkNinja Stock Down 0.0 %

SN opened at 61.84 on Friday. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 65.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. The firm has a 50 day simple moving average of 58.34 and a 200 day simple moving average of 51.00.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of 1.31 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that SharkNinja will post 3.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new stake in SharkNinja in the fourth quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in SharkNinja during the 3rd quarter valued at $42,000. Tower Research Capital LLC TRC acquired a new stake in SharkNinja during the 4th quarter valued at $97,000. Counterpoint Mutual Funds LLC bought a new position in SharkNinja during the third quarter worth $141,000. Finally, SG Americas Securities LLC acquired a new position in shares of SharkNinja in the third quarter valued at $185,000. 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.