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

Shares of SharkNinja, Inc. (NYSE:SN) have received a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $122.50.

SN has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Quarry LP bought a new position in SharkNinja in the 4th quarter worth $47,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. Continuum Advisory LLC increased its holdings in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after purchasing an additional 550 shares during the period. R Squared Ltd bought a new position in shares of SharkNinja during the 4th quarter worth about $55,000. Finally, Covestor Ltd increased its holdings in shares of SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company’s stock worth $63,000 after purchasing an additional 475 shares during the period. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE SN opened at $88.20 on Tuesday. SharkNinja has a 12 month low of $56.10 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market capitalization of $12.34 billion, a PE ratio of 28.36, a P/E/G ratio of 2.35 and a beta of 1.24. The company’s 50 day simple moving average is $105.24 and its 200 day simple moving average is $102.80.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities research analysts forecast that SharkNinja will post 4.52 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, 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.