SharkNinja (NYSE:SN) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of SharkNinja (NYSE:SN) in a report released on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $76.00 price target on the stock.

SN has been the topic of several other research reports. 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 target price on the stock. Guggenheim assumed coverage on shares of SharkNinja in a report on Monday, February 5th. They issued a buy rating and a $60.00 price objective on the stock. Morgan Stanley began coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They issued an equal weight rating and a $54.00 target price for the company. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $68.00 to $75.00 and gave the stock a buy rating in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped 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. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of Buy and an average target price of 65.00.

SharkNinja Trading Up 0.8 %

NYSE:SN opened at 61.76 on Monday. SharkNinja has a one year low of 25.84 and a one year high of 65.61. 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 firm has a market cap of $8.59 billion and a P/E ratio of 15.84. The firm has a 50-day simple moving average of 57.09 and a 200-day simple moving average of 50.41.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of 1.31 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that SharkNinja will post 3.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC purchased a new stake in shares of SharkNinja in the fourth quarter valued at about $37,000. Harvest Fund Management Co. Ltd purchased a new position in SharkNinja in the third quarter worth approximately $42,000. Tower Research Capital LLC TRC purchased a new position in SharkNinja in the fourth quarter worth approximately $97,000. Counterpoint Mutual Funds LLC purchased a new position in SharkNinja in the third quarter worth approximately $141,000. Finally, SG Americas Securities LLC purchased a new position in SharkNinja in the third quarter worth approximately $185,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.