SharkNinja, Inc. (NYSE:SN) Receives $83.81 Average Target Price from Brokerages

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $83.81.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. China Renaissance assumed coverage on shares of SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating on the stock. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America lifted their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group upped their target price on SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a report on Monday, August 12th.

Institutional Investors Weigh In On SharkNinja

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of SharkNinja by 9.4% during the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock worth $275,000 after acquiring an additional 380 shares in the last quarter. Parallel Advisors LLC bought a new position in SharkNinja in the 4th quarter worth about $37,000. Picton Mahoney Asset Management purchased a new position in SharkNinja during the 2nd quarter valued at about $70,000. Headlands Technologies LLC bought a new stake in shares of SharkNinja during the first quarter valued at about $66,000. Finally, Kessler Investment Group LLC purchased a new stake in shares of SharkNinja in the second quarter worth about $125,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Up 1.8 %

Shares of NYSE:SN opened at $106.83 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. SharkNinja has a 52-week low of $38.69 and a 52-week high of $108.68. The business’s 50 day simple moving average is $86.54 and its two-hundred day simple moving average is $74.72. The firm has a market cap of $14.95 billion, a P/E ratio of 79.13, a PEG ratio of 1.52 and a beta of 0.76.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. SharkNinja’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. As a group, research analysts forecast that SharkNinja will post 3.89 EPS for the current fiscal year.

SharkNinja Company Profile

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.