Jefferies Sticks to Their Buy Rating for SharkNinja, Inc. (SN)

Jefferies analyst Randal Konik maintained a Buy rating on SharkNinja, Inc. today and set a price target of $200.00.

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According to TipRanks, Konik is a 3-star analyst with an average return of 1.2% and a 44.44% success rate. Konik covers the Consumer Cyclical sector, focusing on stocks such as Lululemon Athletica, Nike, and Signet Jewelers.

In addition to Jefferies, SharkNinja, Inc. also received a Buy from Piper Sandler’s Peter Keith in a report issued on June 10. However, on June 9, Morgan Stanley maintained a Hold rating on SharkNinja, Inc. (NYSE: SN).

Based on SharkNinja, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.41 billion and a net profit of $121.46 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $117.84 million

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SN in relation to earlier this year. Earlier this month, Pedro Lopez-Baldrich, the CLO of SN sold 2,200.00 shares for a total of $269,720.00.