SharkNinja, Inc. (NYSE:SN) Receives $117.28 Average Price Target from Analysts

Shares of SharkNinja, Inc. (NYSE:SN) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $117.28.

Several equities analysts recently commented on the company. Canaccord Genuity Group increased their target price on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Oppenheimer initiated coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. Guggenheim boosted 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. The Goldman Sachs Group increased their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group boosted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Encompass More Asset Management raised its stake in shares of SharkNinja by 111.9% during the 4th quarter. Encompass More Asset Management now owns 5,627 shares of the company’s stock worth $548,000 after buying an additional 2,971 shares during the last quarter. Avior Wealth Management LLC raised its position in SharkNinja by 6.4% during the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock worth $500,000 after acquiring an additional 310 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of SharkNinja by 112.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company’s stock valued at $1,066,000 after purchasing an additional 5,790 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at approximately $171,000. Finally, Capricorn Fund Managers Ltd acquired a new position in shares of SharkNinja during the 4th quarter worth approximately $3,829,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Up 1.3 %

Shares of NYSE:SN opened at $111.44 on Monday. The firm’s 50-day moving average is $100.73 and its two-hundred day moving average is $96.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja has a 1 year low of $45.85 and a 1 year high of $112.93. The firm has a market capitalization of $15.59 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10.

SharkNinja (NYSE:SN) last posted its quarterly earnings data 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. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Analysts predict that SharkNinja will post 3.89 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.