SharkNinja, Inc. (NYSE:SN) Given Consensus Rating of “Moderate Buy” by Analysts

SharkNinja, Inc. (NYSE:SN) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.81.

SN has been the topic of a number of recent analyst reports. Bank of America raised their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on shares of SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. The Goldman Sachs Group upped their price target on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group raised their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd.

Institutional Trading of SharkNinja

Several institutional investors have recently added to or reduced their stakes in SN. SG Americas Securities LLC grew its stake in shares of SharkNinja by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after buying an additional 380 shares during the period. Parallel Advisors LLC bought a new position in shares of SharkNinja in the fourth quarter valued at $37,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the second quarter valued at about $70,000. Headlands Technologies LLC bought a new stake in shares of SharkNinja during the first quarter worth about $66,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of SharkNinja in the 1st quarter worth about $77,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $90.24 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $12.63 billion and a price-to-earnings ratio of 66.84. SharkNinja has a twelve month low of $31.51 and a twelve month high of $92.47. The company has a 50-day simple moving average of $78.17 and a two-hundred day simple moving average of $68.44.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. Analysts forecast that SharkNinja will post 4.22 EPS for the current 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.