SharkNinja, Inc. (NYSE:SN) Receives $122.50 Average Target Price from Analysts

SharkNinja, Inc. (NYSE:SN) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $122.50.

A number of equities analysts recently weighed in on SN shares. 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 note on Thursday, January 16th. 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, February 14th. Jefferies Financial Group boosted their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in SharkNinja during the 4th quarter worth approximately $47,000. Continuum Advisory LLC grew its holdings in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after buying an additional 550 shares in the last quarter. R Squared Ltd purchased a new stake in SharkNinja in the 4th quarter valued at $55,000. Covestor Ltd lifted its stake 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 acquiring an additional 475 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC boosted its holdings in SharkNinja by 200.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company’s stock worth $146,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE SN opened at $70.40 on Friday. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.35 and a beta of 1.65. SharkNinja has a twelve month low of $60.50 and a twelve month high of $123.00. The stock has a fifty day simple moving average of $97.95 and a 200 day simple moving average of $101.26. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Sell-side analysts expect that SharkNinja will post 4.52 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.