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

SharkNinja (NYSE:SN - Free Report) had its target price upped by The Goldman Sachs Group from $59.00 to $74.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

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

SharkNinja Trading Down 0.2 %

NYSE:SN traded down 0.14 on Thursday, reaching 62.79. The company's stock had a trading volume of 454,300 shares, compared to its average volume of 963,816. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52. The business's 50-day moving average price is 59.04 and its two-hundred day moving average price is 51.29. SharkNinja has a 1-year low of 25.84 and a 1-year high of 65.61.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.86 by 0.08. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The business had revenue of 1.38 billion for the quarter, compared to analyst estimates of 1.31 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. SharkNinja's revenue was up 16.5% on a year-over-year basis. As a group, equities analysts forecast that SharkNinja will post 3.54 earnings per share for the current year.

Institutional Trading of SharkNinja

Several large investors have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new position in SharkNinja during the 4th quarter valued at about $37,000. Harvest Fund Management Co. Ltd acquired a new position in SharkNinja during the 3rd quarter valued at about $42,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in SharkNinja during the 1st quarter valued at about $77,000. Tower Research Capital LLC TRC acquired a new position in SharkNinja during the 4th quarter valued at about $97,000. Finally, 1492 Capital Management LLC boosted its stake in SharkNinja by 16.0% during the 4th quarter. 1492 Capital Management LLC now owns 15,884 shares of the company's stock valued at $813,000 after purchasing an additional 2,193 shares during the last quarter. 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, 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.