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

SharkNinja, Inc. (NYSE:SN) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company.

Several equities analysts recently issued reports on SN shares. UBS Group upped their price objective on SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a research report on Friday, May 10th. The Goldman Sachs Group upped their price objective on SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, May 13th. China Renaissance started coverage on SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. started coverage on SharkNinja in a research report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price objective on the stock. Finally, Bank of America started coverage on shares of SharkNinja in a research note on Thursday, May 16th. They set a “buy” rating and a $90.00 target price for the company.

SharkNinja Stock Performance

SharkNinja stock opened at 73.93 on Thursday. The stock’s 50 day simple moving average is 74.53 and its two-hundred day simple moving average is 61.92. 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 stock has a market cap of $10.35 billion and a price-to-earnings ratio of 54.76. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 80.81.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC purchased a new stake in SharkNinja in the 4th quarter worth about $37,000. Headlands Technologies LLC purchased a new stake in SharkNinja in the 1st quarter worth about $66,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of SharkNinja during the first quarter worth approximately $77,000. Tower Research Capital LLC TRC purchased a new position in shares of SharkNinja during the fourth quarter worth approximately $97,000. Finally, Essex LLC purchased a new position in shares of SharkNinja during the first quarter worth approximately $204,000. Institutional investors own 34.77% of the company’s stock.

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.