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

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company.

SN has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of SharkNinja in a research report on Monday, April 15th. They set a “buy” rating and a $76.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of SharkNinja in a research report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price target for the company. Morgan Stanley initiated coverage on shares of SharkNinja in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price target for the company. The Goldman Sachs Group raised their price target on shares of SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Guggenheim assumed coverage on shares of SharkNinja in a research report on Monday, February 5th. They set a “buy” rating and a $60.00 price target for the company.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in SharkNinja in the 3rd quarter valued at $229,844,000. Parsifal Capital Management LP grew its stake in SharkNinja by 57.9% in the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after acquiring an additional 1,163,185 shares during the period. FMR LLC acquired a new stake in SharkNinja in the 3rd quarter valued at $99,595,000. Wolf Hill Capital Management LP grew its stake in SharkNinja by 349.8% in the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock valued at $69,047,000 after acquiring an additional 1,049,369 shares during the period. Finally, Pertento Partners LLP grew its stake in SharkNinja by 7.9% in the 4th quarter. Pertento Partners LLP now owns 997,791 shares of the company’s stock valued at $51,057,000 after acquiring an additional 72,782 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SharkNinja stock opened at 63.84 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of 59.27 and a 200 day moving average price of 51.43. SharkNinja has a 52 week low of 25.84 and a 52 week high of 65.61.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. During the same period last year, the firm posted $0.54 EPS. SharkNinja’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities research analysts predict that SharkNinja will post 3.54 earnings per share 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.