Analysts Set SharkNinja, Inc. (NYSE:SN) Target Price at $110.85

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $110.85.

Several analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley upped their price target 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. Canaccord Genuity Group raised their price target on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Guggenheim raised their target price on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th.

Institutional Investors Weigh In On SharkNinja

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the third quarter worth approximately $54,000. Waldron Private Wealth LLC purchased a new position in shares of SharkNinja during the third quarter valued at approximately $65,000. Headlands Technologies LLC bought a new position in SharkNinja during the first quarter valued at approximately $66,000. Finally, Picton Mahoney Asset Management purchased a new stake in SharkNinja in the second quarter worth approximately $70,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

SharkNinja stock opened at $104.27 on Wednesday. SharkNinja has a fifty-two week low of $41.12 and a fifty-two 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 stock has a market cap of $14.59 billion, a P/E ratio of 40.91, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. The firm’s fifty day moving average price is $103.64 and its 200-day moving average price is $85.68.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $0.95 EPS. SharkNinja’s quarterly revenue was up 33.3% compared to the same quarter last year. On average, equities research analysts expect that SharkNinja will post 3.9 earnings per share 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.