SharkNinja (NYSE:SN) Now Covered by UBS Group

Stock analysts at UBS Group began coverage on shares of SharkNinja (NYSE:SN) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $76.00 price target on the stock.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group lifted their price objective on SharkNinja from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Guggenheim initiated coverage on SharkNinja in a research report on Monday, February 5th. They issued a “buy” rating and a $60.00 target price on the stock. Morgan Stanley initiated coverage on SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on SharkNinja in a research report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 target price on the stock. Finally, The Goldman Sachs Group upped their target price on SharkNinja from $52.00 to $59.00 and gave the company an “action list buy” rating in a research report on Friday, February 16th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Buy” and an average price target of 65.00.

SharkNinja Stock Performance

SN opened at 62.59 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.69. The business has a 50-day moving average of 57.39 and a two-hundred day moving average of 50.52. SharkNinja has a 12 month low of 25.84 and a 12 month high of 65.61.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating the consensus estimate of 0.86 by 0.08. The company had revenue of 1.38 billion during the quarter, compared to analysts’ expectations of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The firm’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. Sell-side analysts anticipate that SharkNinja will post 3.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC bought a new position in SharkNinja during the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd bought a new position in SharkNinja during the 3rd quarter worth $42,000. Tower Research Capital LLC TRC bought a new position in SharkNinja during the 4th quarter worth $97,000. Counterpoint Mutual Funds LLC bought a new position in SharkNinja during the 3rd quarter worth $141,000. Finally, SG Americas Securities LLC bought a new position in SharkNinja during the 3rd quarter worth $185,000. 34.77% of the stock is currently owned by institutional investors.

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.