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

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages recently issued reports on SN. Morgan Stanley began coverage on shares of SharkNinja in a report on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price objective on the stock. Guggenheim assumed 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. Finally, The Goldman Sachs Group raised their target price 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.

SharkNinja Stock Down 1.0 %

Shares of NYSE:SN opened at 62.29 on Tuesday. The stock’s 50 day moving average is 53.53. SharkNinja has a one year low of 25.84 and a one year high of 62.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.69.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, topping analysts’ consensus estimates of 0.86 by 0.08. The business had revenue of 1.38 billion for the quarter, compared to analyst estimates of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. As a group, equities analysts expect that SharkNinja will post 3.52 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in SharkNinja during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd acquired a new position in SharkNinja during the third quarter worth about $42,000. Tower Research Capital LLC TRC acquired a new position in SharkNinja during the fourth quarter worth about $97,000. Counterpoint Mutual Funds LLC acquired a new position in SharkNinja during the third quarter worth about $141,000. Finally, SG Americas Securities LLC acquired a new position in SharkNinja during the third quarter worth about $185,000. Hedge funds and other 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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.