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

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $121.50.

A number of equities research analysts recently commented on the stock. Canaccord Genuity Group increased their target price on shares of SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Guggenheim decreased their price target on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 9th. Oppenheimer raised their price target on shares of SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Finally, Morgan Stanley raised their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $115.26 on Monday. 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 company has a market capitalization of $16.26 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.22 and a beta of 1.66. The firm’s 50-day moving average is $97.70 and its 200 day moving average is $95.29. SharkNinja has a 12 month low of $60.50 and a 12 month high of $123.00.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm earned $1.06 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts predict that SharkNinja will post 4.52 EPS for the current year.

Institutional Trading of SharkNinja

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after buying an additional 155 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after buying an additional 406 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of SharkNinja in the first quarter worth about $36,000. Quarry LP purchased a new position in shares of SharkNinja in the fourth quarter worth about $47,000. Finally, Continuum Advisory LLC lifted its stake in shares of SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.