Analysts Set SharkNinja, Inc. (NYSE:SN) Target Price at $116.72

SharkNinja, Inc. (NYSE:SN) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One 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 analysts that have issued a report on the stock in the last year is $115.06.

Several equities research analysts recently weighed in on SN shares. Canaccord Genuity Group raised 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. Jefferies Financial Group boosted their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Oppenheimer dropped their price objective on shares of SharkNinja from $130.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday. The Goldman Sachs Group reduced their target price on shares of SharkNinja from $133.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their price target 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 Price Performance

Shares of NYSE:SN opened at $84.11 on Wednesday. The firm has a 50 day moving average of $83.52 and a 200-day moving average of $96.69. SharkNinja has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $11.80 billion, a PE ratio of 27.05, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion during 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%. On average, equities research analysts predict that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Trading of SharkNinja

Several institutional investors have recently made changes to their positions in SN. FMR LLC grew its position in SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after buying an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after buying an additional 590,632 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after acquiring an additional 604,559 shares in the last quarter. Finally, Palestra Capital Management LLC increased its position in shares of SharkNinja by 83.4% during the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock valued at $173,377,000 after acquiring an additional 809,960 shares during the last quarter. 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.