Brokerages Set SharkNinja, Inc. (NYSE:SN) Target Price at $121.50

SharkNinja, Inc. (NYSE:SN) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $121.50.

SN has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their price objective on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Oppenheimer increased their target price on SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Guggenheim dropped their target price on SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, Morgan Stanley boosted their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th.

Institutional Investors Weigh In On SharkNinja

Several large investors have recently bought and sold shares of the stock. FMR LLC grew its position in shares of SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC lifted its stake in SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after acquiring an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC lifted its stake in SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after acquiring an additional 590,632 shares during the last quarter. Palestra Capital Management LLC grew its holdings in SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock worth $173,377,000 after acquiring an additional 809,960 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of SharkNinja by 14.7% in the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company’s stock valued at $108,914,000 after purchasing an additional 167,757 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE SN opened at $90.72 on Thursday. The stock has a fifty day simple moving average of $87.52 and a 200-day simple moving average of $94.39. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The stock has a market cap of $12.80 billion, a PE ratio of 28.71, a P/E/G ratio of 1.75 and a beta of 1.70. SharkNinja has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.06 earnings per share. SharkNinja’s revenue was up 14.7% compared to the same quarter last year. Equities analysts anticipate that SharkNinja will post 4.52 earnings per share for the current year.

About SharkNinja

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.