SharkNinja, Inc. (NYSE:SN) Receives $116.39 Average PT from Analysts

SharkNinja, Inc. (NYSE:SN) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $116.39.

Several research firms have weighed in on SN. Jefferies Financial Group upped their price target on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Guggenheim boosted their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Oppenheimer began coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st.

Institutional Investors Weigh In On SharkNinja

Several hedge funds have recently bought and sold shares of SN. Signaturefd LLC raised its position in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja in the third quarter valued at about $54,000. Waldron Private Wealth LLC purchased a new position in shares of SharkNinja during the 3rd quarter worth approximately $65,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of SharkNinja during the second quarter worth $70,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN opened at $97.25 on Thursday. SharkNinja has a 52-week low of $45.85 and a 52-week high of $112.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company’s 50-day simple moving average is $100.42 and its two-hundred day simple moving average is $92.91. The stock has a market capitalization of $13.61 billion, a P/E ratio of 38.14, a P/E/G ratio of 1.65 and a beta of 1.00.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. As a group, analysts predict that SharkNinja will post 3.88 EPS for the current year.

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.