SharkNinja, Inc. (NYSE:SN) Receives $120.06 Average Target Price from Analysts

Shares of SharkNinja, Inc. (NYSE:SN) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $122.50.

Several brokerages recently weighed in on SN. JPMorgan Chase & Co. increased their price target on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley increased their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price objective on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC boosted its stake in SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after buying an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC boosted its stake in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after buying an additional 590,632 shares during the last quarter. Baillie Gifford & Co. boosted its stake in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after buying an additional 604,559 shares during the last quarter. Finally, Palestra Capital Management LLC boosted its stake in SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock worth $173,377,000 after buying an additional 809,960 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN stock opened at $110.32 on Friday. The company has a market capitalization of $15.44 billion, a P/E ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13. SharkNinja has a twelve month low of $49.86 and a twelve month high of $123.00. The business has a 50 day simple moving average of $104.88 and a 200-day simple moving average of $101.02. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities analysts anticipate that SharkNinja will post 3.91 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.