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

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, 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 target price among brokers that have issued ratings on the stock in the last year is $117.28.

Several analysts recently commented on SN shares. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group boosted their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SN. FMR LLC boosted its holdings in shares of SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after purchasing an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. boosted its stake in SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after buying an additional 1,797,578 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in SharkNinja in the 3rd quarter valued at about $114,878,000. Dimensional Fund Advisors LP increased its stake in shares of SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock valued at $56,401,000 after acquiring an additional 14,140 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in shares of SharkNinja by 16.0% during the 2nd quarter. Hood River Capital Management LLC now owns 713,146 shares of the company’s stock worth $53,593,000 after acquiring an additional 98,440 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Price Performance

Shares of NYSE:SN opened at $110.41 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $101.31 and a 200 day moving average price of $96.79. SharkNinja has a 52 week low of $45.85 and a 52 week high of $112.93. The company has a market cap of $15.45 billion, a P/E ratio of 43.30, a PEG ratio of 1.59 and a beta of 1.10.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Research analysts predict that SharkNinja will post 3.89 earnings per share for the current 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.