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

SharkNinja, Inc. (NYSE:SN) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company.

SN has been the topic of a number of research reports. The Goldman Sachs Group increased their price target on SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Canaccord Genuity Group raised their target price on SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, May 10th. UBS Group upped their price target on SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a research note on Friday, May 10th. China Renaissance initiated coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating on the stock. Finally, Bank of America started coverage on shares of SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 price objective for the company.

Hedge Funds Weigh In On SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new stake in SharkNinja during the fourth quarter worth approximately $37,000. Headlands Technologies LLC bought a new stake in shares of SharkNinja during the 1st quarter valued at $66,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of SharkNinja during the 1st quarter worth $77,000. Tower Research Capital LLC TRC bought a new position in shares of SharkNinja in the fourth quarter worth $97,000. Finally, Essex LLC acquired a new position in SharkNinja in the first quarter valued at about $204,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE SN opened at 71.42 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. The company’s 50-day simple moving average is 74.80 and its 200 day simple moving average is 62.13. The stock has a market cap of $9.99 billion and a P/E ratio of 52.90. SharkNinja has a twelve month low of 25.84 and a twelve month high of 80.81.

SharkNinja (NYSE:SN) last posted 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 during 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 quarter in the previous year, the company posted $0.86 earnings per share. As a group, research analysts forecast 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.