SharkNinja (NYSE:SN) Price Target Raised to $108.00

SharkNinja (NYSE:SN) had its target price lifted by Morgan Stanley from $93.00 to $108.00 in a report released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms have also recently issued reports on SN. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group raised their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $110.32 on Friday. SharkNinja has a one year low of $49.86 and a one year high of $123.00. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13. 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 business’s 50 day moving average price is $104.88 and its 200 day moving average price is $101.02.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. On average, research analysts predict that SharkNinja will post 3.91 EPS for the current year.

Institutional Investors Weigh In On SharkNinja

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp increased its stake in shares of SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc increased its position in shares of SharkNinja by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after purchasing an additional 139 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock valued at $1,282,000 after purchasing an additional 154 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of SharkNinja by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock worth $2,833,000 after purchasing an additional 180 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other 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.