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

UBS Group initiated coverage on shares of SharkNinja (NYSE:SN - Free Report) in a report issued on Monday, Marketbeat.com reports. The firm issued a buy rating and a $76.00 price objective on the stock.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group increased their price objective 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. JPMorgan Chase & Co. assumed coverage on shares of SharkNinja in a report on Thursday, April 4th. They set an overweight rating and a $70.00 price objective on the stock. Morgan Stanley assumed coverage on shares of SharkNinja in a report on Tuesday, January 30th. They set an equal weight rating and a $54.00 price objective on the stock. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $68.00 to $75.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Finally, Guggenheim assumed coverage on shares of SharkNinja in a report on Monday, February 5th. They set a buy rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of 65.00.

SharkNinja Stock Performance

Shares of NYSE:SN traded up 0.49 during midday trading on Monday, reaching 61.76. The company's stock had a trading volume of 805,600 shares, compared to its average volume of 993,375. The firm has a market capitalization of $8.59 billion and a PE ratio of 15.88. SharkNinja has a twelve month low of 25.84 and a twelve month high of 65.61. The stock has a fifty day moving average of 56.81 and a 200 day moving average of 50.29. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, topping analysts' consensus estimates of 0.86 by 0.08. The firm had revenue of 1.38 billion for the quarter, compared to analyst estimates of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The business's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities analysts expect that SharkNinja will post 3.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SN. Hsbc Holdings PLC purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $3,529,000. Royal London Asset Management Ltd. purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $873,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $11,751,000. Hudson Bay Capital Management LP purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $6,496,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $457,000. 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.