SharkNinja (NYSE:SN) Price Target Raised to $136.00

SharkNinja (NYSE:SN) had its target price raised by Canaccord Genuity Group from $129.00 to $136.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

SN has been the topic of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. The Goldman Sachs Group upped their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley increased their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group increased their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday. One research 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 has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Performance

SharkNinja stock opened at $110.32 on Friday. 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 has a 1 year low of $49.86 and a 1 year high of $123.00. The company has a market cap of $15.44 billion, a PE ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13. The company’s 50-day moving average is $104.88 and its two-hundred day moving average is $101.02.

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

Institutional Trading of SharkNinja

A number of large investors have recently bought and sold shares of SN. Fortis Group Advisors LLC increased its stake in SharkNinja by 11.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock worth $1,043,000 after purchasing an additional 980 shares in the last quarter. Signaturefd LLC increased its stake in 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 in the last quarter. Waldron Private Wealth LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $65,000. Nisa Investment Advisors LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $1,357,000. Finally, abrdn plc increased its stake in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after purchasing an additional 63,299 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

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.