The Goldman Sachs Group Raises SharkNinja (NYSE:SN) Price Target to $74.00

SharkNinja (NYSE:SN) had its price target hoisted by analysts at The Goldman Sachs Group from $59.00 to $74.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock.

A number of other analysts have also commented on SN. UBS Group initiated coverage on SharkNinja in a research note on Monday, April 15th. They issued a “buy” rating and a $76.00 price target for the company. Canaccord Genuity Group raised their price target on SharkNinja from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley assumed coverage on SharkNinja in a research note on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price target for the company. Guggenheim assumed coverage on SharkNinja in a report on Monday, February 5th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on SharkNinja in a report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of 67.14.

SharkNinja Stock Performance

Shares of SN stock opened at 63.84 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 65.61. The stock has a 50 day moving average price of 59.27 and a two-hundred day moving average price of 51.43.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, topping analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The company had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts forecast that SharkNinja will post 3.54 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in shares of SharkNinja during the fourth quarter valued at $37,000. Harvest Fund Management Co. Ltd bought a new position in shares of SharkNinja during the third quarter valued at $42,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of SharkNinja during the first quarter valued at $77,000. Tower Research Capital LLC TRC bought a new position in shares of SharkNinja during the fourth quarter valued at $97,000. Finally, SG Americas Securities LLC bought a new position in shares of SharkNinja during the third quarter valued at $185,000. 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.