SharkNinja (NYSE:SN) PT Raised to $75.00 at Canaccord Genuity Group

SharkNinja (NYSE:SN - Free Report) had its price objective raised by Canaccord Genuity Group from $68.00 to $75.00 in a research report report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group raised their price target on shares of SharkNinja from $52.00 to $59.00 and gave the stock an action list buy rating in a research report on Friday, February 16th. Morgan Stanley started coverage on shares of SharkNinja in a report on Tuesday, January 30th. They issued an equal weight rating and a $54.00 target price on the stock. Finally, Guggenheim started coverage on shares of SharkNinja in a report on Monday, February 5th. They issued a buy rating and a $60.00 target price on the stock. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of 61.80.

SharkNinja Stock Performance

SN stock traded down 0.45 during trading hours on Tuesday, reaching 61.22. The stock had a trading volume of 872,700 shares, compared to its average volume of 1,008,873. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. The company's 50-day moving average is 54.35. SharkNinja has a fifty-two week low of 25.84 and a fifty-two week high of 63.10.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company had revenue of 1.38 billion during the quarter, compared to analysts' expectations of 1.31 billion. During the same quarter last year, the company posted $0.54 EPS. SharkNinja's quarterly revenue was up 16.5% compared to the same quarter last year. As a group, equities analysts predict that SharkNinja will post 3.52 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $3,529,000. Charles Schwab Investment Management Inc. bought a new stake in SharkNinja during the 3rd quarter worth approximately $11,751,000. Royal London Asset Management Ltd. bought a new stake in SharkNinja during the 3rd quarter worth approximately $873,000. Hudson Bay Capital Management LP bought a new stake in SharkNinja during the 3rd quarter worth approximately $6,496,000. Finally, Handelsbanken Fonder AB bought a new stake in SharkNinja during the 3rd quarter worth approximately $457,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.