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 analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company.

Several research analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. UBS Group upped their price objective on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research note on Friday, May 10th. The Goldman Sachs Group boosted their price target on SharkNinja from $74.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, May 13th. 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 report on Friday, May 10th. Finally, Bank of America initiated coverage on shares of SharkNinja in a report on Thursday, May 16th. They issued a “buy” rating and a $90.00 target price on the stock.

Hedge Funds Weigh In On SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the business. Jump Financial LLC purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $2,433,000. TimesSquare Capital Management LLC bought a new stake in SharkNinja during the fourth quarter worth approximately $2,738,000. Pertento Partners LLP lifted its stake in shares of 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 purchasing an additional 72,782 shares during the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of SharkNinja by 291.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 94,006 shares of the company’s stock worth $4,810,000 after purchasing an additional 70,019 shares during the period. Finally, Perpetual Ltd increased its position in shares of SharkNinja by 3.6% during the 1st quarter. Perpetual Ltd now owns 317,960 shares of the company’s stock valued at $19,806,000 after purchasing an additional 11,112 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

NYSE SN opened at 75.29 on Monday. The business’s fifty day moving average is 75.49 and its 200 day moving average is 64.83. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 80.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The company has a market capitalization of $10.54 billion and a PE ratio of 55.77.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.95 by 0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The company had revenue of 1.07 billion during the quarter, compared to the consensus estimate of 949.88 million. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. Sell-side analysts predict that SharkNinja will post 3.81 earnings per share 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.