SharkNinja (NYSE:SN) PT Raised to $74.00 at The Goldman Sachs Group

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

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

SharkNinja Stock Up 1.7 %

NYSE:SN opened at 63.84 on Thursday. SharkNinja has a one year low of 25.84 and a one year high of 65.61. The firm’s fifty day moving average price is 59.27 and its two-hundred day moving average price is 51.43. 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 (NYSE:SN) last released its quarterly earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating the consensus estimate of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The business had revenue of 1.38 billion for the quarter, compared to the consensus estimate of 1.31 billion. During the same period in the prior year, the company posted $0.54 earnings per share. SharkNinja’s revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that SharkNinja will post 3.54 EPS for the current year.

Institutional Trading of SharkNinja

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SN. HighTower Advisors LLC acquired a new stake in SharkNinja during the 3rd quarter valued at approximately $229,844,000. FMR LLC acquired a new stake in shares of SharkNinja during the 3rd quarter worth approximately $99,595,000. Parsifal Capital Management LP grew its position in shares of SharkNinja by 57.9% during the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock worth $162,304,000 after buying an additional 1,163,185 shares during the period. Wolf Hill Capital Management LP grew its position in shares of SharkNinja by 349.8% during the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock worth $69,047,000 after buying an additional 1,049,369 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of SharkNinja during the 4th quarter worth approximately $47,811,000. Institutional investors and hedge funds 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.