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

Shares of SharkNinja, Inc. (NYSE:SN) have received an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company.

SN has been the subject of several analyst reports. Guggenheim initiated coverage on shares of SharkNinja in a report on Monday, February 5th. They set a “buy” rating and a $60.00 price target for the company. Morgan Stanley initiated coverage on shares of SharkNinja in a report on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price target for the company. Finally, The Goldman Sachs Group boosted their price target on shares of SharkNinja from $52.00 to $59.00 and gave the company an “action list buy” rating in a report on Friday, February 16th.

Institutional Investors Weigh In On SharkNinja

Several institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new stake in SharkNinja in the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd acquired a new stake in SharkNinja in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC acquired a new stake in SharkNinja in the 4th quarter valued at about $97,000. Counterpoint Mutual Funds LLC acquired a new stake in SharkNinja in the 3rd quarter valued at about $141,000. Finally, SG Americas Securities LLC acquired a new stake in SharkNinja in the 3rd quarter valued at about $185,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Down 1.0 %

SN stock opened at 62.29 on Tuesday. 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 1-year low of 25.84 and a 1-year high of 62.95. The company’s fifty day simple moving average is 53.53.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, beating the consensus estimate of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts expect that SharkNinja will post 3.52 EPS 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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.