SharkNinja, Inc. (NYSE:SN) Receives $122.50 Consensus Price Target from Brokerages

Shares of SharkNinja, Inc. (NYSE:SN) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One 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 target among brokerages that have updated their coverage on the stock in the last year is $122.50.

Several research firms have commented on SN. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group raised their price objective on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

Institutional Trading of SharkNinja

Several large investors have recently modified their holdings of SN. Quarry LP purchased a new stake in SharkNinja in the 4th quarter worth approximately $47,000. Safe Harbor Fiduciary LLC purchased a new stake in SharkNinja in the third quarter worth $54,000. Continuum Advisory LLC boosted its holdings in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock valued at $54,000 after acquiring an additional 550 shares in the last quarter. R Squared Ltd purchased a new position in SharkNinja during the 4th quarter valued at $55,000. Finally, Covestor Ltd increased its position in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after purchasing an additional 475 shares during the period. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Down 4.6 %

Shares of NYSE:SN opened at $86.91 on Tuesday. The firm has a market capitalization of $12.16 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja has a 52-week low of $56.10 and a 52-week high of $123.00. The firm has a fifty day moving average of $105.45 and a 200 day moving average of $102.72.

SharkNinja (NYSE:SN) last posted its quarterly earnings data 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). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, research analysts anticipate that SharkNinja will post 4.52 EPS 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.