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

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

A number of equities research analysts recently weighed in on SN shares. The Goldman Sachs Group boosted their price objective on SharkNinja from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Morgan Stanley lifted their target price on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Canaccord Genuity Group lifted their target price on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. UBS Group lifted their target price on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, China Renaissance began coverage on SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating on the stock.

Institutional Trading of SharkNinja

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Parallel Advisors LLC bought a new stake in SharkNinja in the 4th quarter valued at about $37,000. Headlands Technologies LLC bought a new stake in SharkNinja in the 1st quarter valued at about $66,000. Picton Mahoney Asset Management bought a new stake in SharkNinja in the 2nd quarter valued at about $70,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in SharkNinja in the 1st quarter valued at about $77,000. Finally, Tower Research Capital LLC TRC bought a new stake in SharkNinja in the 4th quarter valued at about $97,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Trading Down 1.3 %

Shares of SN stock opened at 75.29 on Monday. The firm has a market capitalization of $10.54 billion and a P/E ratio of 55.77. SharkNinja has a twelve month low of 25.84 and a twelve month high of 80.81. 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 stock’s fifty day simple moving average is 75.49 and its 200 day simple moving average is 65.07.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 9th. The company reported 1.06 earnings per share for the quarter, topping analysts’ consensus estimates of 0.95 by 0.11. The business had revenue of 1.07 billion for the quarter, compared to analyst estimates of 949.88 million. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. 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 EPS. As a group, sell-side analysts predict that SharkNinja will post 3.81 EPS for the current fiscal year.

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.