Brokerages Set SharkNinja, Inc. (NYSE:SN) Price Target at $122.50

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

SN has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their price target on 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 lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th.

SharkNinja Stock Performance

SN stock opened at $90.06 on Tuesday. SharkNinja has a twelve month low of $56.10 and a twelve month high of $123.00. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.35 and a beta of 1.24. The business’s fifty day simple moving average is $104.98 and its two-hundred day simple moving average is $102.87. 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 posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company 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%. Analysts predict that SharkNinja will post 4.52 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in SharkNinja during the fourth quarter valued at approximately $47,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja in the 3rd quarter worth $54,000. Continuum Advisory LLC grew its stake in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after buying an additional 550 shares during the last quarter. R Squared Ltd acquired a new position in SharkNinja during the 4th quarter valued at about $55,000. Finally, Covestor Ltd raised its stake in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.