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

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company.

Several analysts recently weighed in on the company. Morgan Stanley assumed coverage on SharkNinja in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price objective for the company. UBS Group assumed coverage on SharkNinja in a research report on Monday, April 15th. They set a “buy” rating and a $76.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on SharkNinja in a research report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective for the company. Guggenheim assumed coverage on SharkNinja in a research report on Monday, February 5th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Canaccord Genuity Group upped their price objective on SharkNinja from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd.

SharkNinja Stock Performance

NYSE:SN opened at 61.86 on Friday. The business’s 50-day simple moving average is 58.15 and its 200-day simple moving average is 50.80. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 65.61.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, beating analysts’ consensus estimates of 0.86 by 0.08. The firm had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. 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 and hedge funds have recently bought and sold shares of SN. Parallel Advisors LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $37,000. Orion Portfolio Solutions LLC increased its stake in shares of SharkNinja by 13.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,654 shares of the company’s stock valued at $333,000 after buying an additional 786 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of SharkNinja in the third quarter valued at about $42,000. Tower Research Capital LLC TRC acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $97,000. Finally, 1492 Capital Management LLC increased its stake in shares of SharkNinja by 16.0% in the fourth quarter. 1492 Capital Management LLC now owns 15,884 shares of the company’s stock valued at $813,000 after buying an additional 2,193 shares during the period. Institutional investors and hedge funds 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.