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

SharkNinja, Inc. (NYSE:SN) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have issued reports on SN shares. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $52.00 to $59.00 and gave the stock an “action list buy” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. started coverage on shares of SharkNinja in a research report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective for the company. Guggenheim initiated coverage on shares of SharkNinja in a research report on Monday, February 5th. They set a “buy” rating and a $60.00 price objective for the company. Morgan Stanley initiated coverage on shares of SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price target for the company. Finally, UBS Group initiated coverage on shares of SharkNinja in a research report on Monday, April 15th. They issued a “buy” rating and a $76.00 price target for the company.

Institutional Trading of SharkNinja

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

SharkNinja Price Performance

Shares of NYSE SN opened at 62.93 on Friday. The stock has a market capitalization of $8.75 billion and a price-to-earnings ratio of 16.14. The business has a 50-day moving average of 58.81 and a 200-day moving average of 51.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week 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, topping analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The business had revenue of 1.38 billion during the quarter, compared to analysts’ expectations of 1.31 billion. During the same quarter last year, the company posted $0.54 earnings per share. SharkNinja’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, sell-side analysts predict that SharkNinja will post 3.54 earnings per share for the current fiscal year.

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.