SharkNinja (NYSE:SN) Now Covered by China Renaissance

China Renaissance assumed coverage on shares of SharkNinja (NYSE:SNGet Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating on the stock.

Several other brokerages have also recently weighed in on SN. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. began coverage on SharkNinja in a research report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price target for the company. The Goldman Sachs Group raised their target price on shares of SharkNinja from $74.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Morgan Stanley lifted their target price on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, UBS Group boosted their price target on SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average target price of 74.56.

Read Our Latest Stock Report on SN

SharkNinja Stock Performance

Shares of SharkNinja stock opened at 76.31 on Wednesday. SharkNinja has a 12 month low of 25.84 and a 12 month high of 78.90. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of 66.73 and a two-hundred day simple moving average of 56.18. The firm has a market capitalization of $10.67 billion and a P/E ratio of 56.53.

SharkNinja (NYSE:SNGet Free Report) last released its earnings results on Thursday, May 9th. The company reported 1.06 EPS for the quarter, topping analysts’ consensus estimates of 0.95 by 0.11. The firm had revenue of 1.07 billion for the quarter, compared to analysts’ expectations of 949.88 million. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, equities analysts forecast that SharkNinja will post 3.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new stake in SharkNinja during the 3rd quarter valued at approximately $414,000. Victory Capital Management Inc. purchased a new position in SharkNinja during the third quarter worth approximately $402,000. Harvest Fund Management Co. Ltd acquired a new position in shares of SharkNinja during the 3rd quarter valued at about $42,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $600,000. Finally, Moody Aldrich Partners LLC purchased a new position in SharkNinja in the third quarter worth approximately $6,166,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Company Profile

(Get Free Report)

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.

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Analyst Recommendations for SharkNinja (NYSE:SN)

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