SharkNinja (NYSE:SN) PT Raised to $150.00 at Jefferies Financial Group

SharkNinja (NYSE:SNGet Free Report) had its price objective lifted by Jefferies Financial Group from $115.00 to $150.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 39.16% from the company’s previous close.

SN has been the subject of several other reports. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group upped their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.25.

Read Our Latest Analysis on SharkNinja

SharkNinja Stock Performance

SN stock opened at $107.79 on Wednesday. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 1.91 and a beta of 0.77. SharkNinja has a twelve month low of $38.69 and a twelve month high of $112.65. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $101.46 and its two-hundred day simple moving average is $82.93.

SharkNinja (NYSE:SNGet Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.14. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. Analysts predict that SharkNinja will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new stake in SharkNinja during the 3rd quarter worth approximately $1,357,000. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $65,000. Signaturefd LLC raised its holdings in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the period. Fortis Group Advisors LLC raised its stake in SharkNinja by 11.4% during the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock worth $1,043,000 after acquiring an additional 980 shares during the period. Finally, Seven Grand Managers LLC raised its position in shares of SharkNinja by 150.0% during the 3rd quarter. Seven Grand Managers LLC now owns 125,000 shares of the company’s stock worth $13,589,000 after purchasing an additional 75,000 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

(Get Free Report)

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.

Further Reading

Analyst Recommendations for SharkNinja (NYSE:SN)

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