SharkNinja, Inc. (NYSE:SN) Receives $131.86 Consensus Price Target from Analysts

Key Points

• The stock of SharkNinja, Inc. (NYSE:SN) has received an average rating of "Buy" from eight analysts, with a consensus twelve-month price target of $131.86.
• SharkNinja reported a 15.7% year-over-year revenue increase for the last quarter, with earnings per share beating expectations at $0.97.
• Numerous hedge funds have significantly increased their stakes in SharkNinja, with institutional investors owning 34.77% of the company's stock.

SharkNinja, Inc. (NYSE:SN - Get Free Report) has received a consensus rating of "Buy" from the eight ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $131.8571.

A number of equities analysts have commented on SN shares. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research note on Monday, June 30th. Wall Street Zen lowered SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Canaccord Genuity Group upped their price target on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group upped their price target on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th.

SharkNinja Stock Performance

SN traded up $1.13 during midday trading on Tuesday, reaching $117.84. The company's stock had a trading volume of 1,218,304 shares, compared to its average volume of 1,591,801. SharkNinja has a twelve month low of $60.50 and a twelve month high of $128.51. The stock has a market cap of $16.63 billion, a P/E ratio of 32.20, a PEG ratio of 2.22 and a beta of 1.68. The company has a fifty day simple moving average of $113.83 and a 200 day simple moving average of $97.36. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts expect that SharkNinja will post 4.52 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

Several hedge funds have recently added to or reduced their stakes in SN. Mariner LLC bought a new stake in shares of SharkNinja in the fourth quarter worth about $264,000. Stifel Financial Corp increased its holdings in shares of SharkNinja by 11.7% in the fourth quarter. Stifel Financial Corp now owns 5,352 shares of the company's stock worth $521,000 after acquiring an additional 562 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of SharkNinja by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after buying an additional 154 shares in the last quarter. Northern Trust Corp grew its holdings in shares of SharkNinja by 14.5% during the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company's stock worth $12,782,000 after buying an additional 16,607 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of SharkNinja by 126.8% during the fourth quarter. AQR Capital Management LLC now owns 101,823 shares of the company's stock worth $9,812,000 after buying an additional 56,927 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

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.