SharkNinja (NYSE:SN) Sees Strong Trading Volume

SharkNinja, Inc. (NYSE:SN) saw strong trading volume on Thursday . 660,528 shares traded hands during trading, a decline of 32% from the previous session’s volume of 970,021 shares.The stock last traded at 72.43 and had previously closed at 67.03.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SN. UBS Group began coverage on SharkNinja in a research report on Monday, April 15th. They set a “buy” rating and a $76.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Guggenheim assumed coverage on shares of SharkNinja in a research note on Monday, February 5th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Morgan Stanley started coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of 67.14.

SharkNinja Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average is 60.93 and its two-hundred day moving average is 52.64.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, beating 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 business had revenue of 1.38 billion for the quarter, compared to the consensus estimate of 1.31 billion. During the same quarter last year, the firm earned $0.54 EPS. SharkNinja’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts predict that SharkNinja, Inc. will post 3.54 earnings per share for the current year.

Institutional Investors Weigh In On SharkNinja

A number of large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in SharkNinja during the 1st quarter worth $66,000. Sei Investments Co. increased its stake in shares of SharkNinja by 96.4% in the first quarter. Sei Investments Co. now owns 53,841 shares of the company’s stock worth $3,354,000 after purchasing an additional 26,432 shares during the period. 12 West Capital Management LP acquired a new position in shares of SharkNinja during the 1st quarter worth about $5,918,000. Oppenheimer Asset Management Inc. bought a new stake in SharkNinja during the 1st quarter valued at approximately $385,000. Finally, SG Americas Securities LLC grew its holdings in SharkNinja by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after buying an additional 380 shares during the last quarter. 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.