SharkNinja (NYSE:SN) Stock Price Expected to Rise, Oppenheimer Analyst Says

SharkNinja (NYSE:SN) had its target price upped by research analysts at Oppenheimer from $105.00 to $120.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 30.08% from the company’s current price.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. 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. Guggenheim reduced their price target on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Morgan Stanley upped their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $121.50.

SharkNinja Price Performance

SN stock opened at $92.25 on Friday. SharkNinja has a 52-week low of $60.50 and a 52-week high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The stock has a market cap of $12.95 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The business has a fifty day moving average of $81.92 and a two-hundred day moving average of $95.95.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $1.06 EPS. SharkNinja’s revenue was up 14.7% on a year-over-year basis. As a group, research analysts anticipate that SharkNinja will post 4.52 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

Large investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of SharkNinja by 117.4% in the 3rd quarter. Barclays PLC now owns 8,394 shares of the company’s stock valued at $913,000 after acquiring an additional 4,533 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in SharkNinja by 30.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company’s stock valued at $11,430,000 after purchasing an additional 27,436 shares in the last quarter. City Center Advisors LLC purchased a new position in SharkNinja in the fourth quarter valued at approximately $316,000. Capital CS Group LLC purchased a new position in SharkNinja in the fourth quarter valued at approximately $314,000. Finally, Oak Thistle LLC acquired a new stake in SharkNinja during the fourth quarter worth approximately $353,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.