SharkNinja (NYSE:SN) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of SharkNinja (NYSE:SN - Free Report) in a report published on Thursday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $70.00 price target on the stock.

SN has been the topic of a number of other reports. Guggenheim began coverage on shares of SharkNinja in a research note on Monday, February 5th. They issued a buy rating and a $60.00 price target 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 price target on the stock. Canaccord Genuity Group raised their price target on shares of SharkNinja from $68.00 to $75.00 and gave the company a buy rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on shares of SharkNinja from $52.00 to $59.00 and gave the company an action list buy rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average target price of 63.17.

SharkNinja Trading Up 0.7 %

Shares of NYSE:SN traded up 0.42 during trading on Thursday, reaching 62.92. 1,276,000 shares of the company's stock traded hands, compared to its average volume of 1,014,882. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 64.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. The company has a 50-day simple moving average of 54.82 and a 200-day simple moving average of 49.37.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating analysts' consensus estimates of 0.86 by 0.08. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The firm had revenue of 1.38 billion for the quarter, compared to analysts' expectations of 1.31 billion. During the same period last year, the firm earned $0.54 EPS. The company's quarterly revenue was up 16.5% on a year-over-year basis. On average, equities research analysts predict that SharkNinja will post 3.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SN. Parallel Advisors LLC purchased a new stake in shares of SharkNinja during the 4th quarter valued at approximately $37,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC purchased a new stake in shares of SharkNinja during the 4th quarter valued at approximately $97,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $141,000. Finally, SG Americas Securities LLC purchased a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $185,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.