Analysts Set SharkNinja, Inc. (NYSE:SN) PT at $121.50

SharkNinja, Inc. (NYSE:SN - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $121.50.

A number of equities research analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Jefferies Financial Group raised their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Morgan Stanley increased their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, Canaccord Genuity Group raised their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th.

SharkNinja Price Performance

SN traded up $1.76 during trading on Friday, hitting $94.47. 1,255,438 shares of the stock traded hands, compared to its average volume of 1,457,180. The business has a 50 day moving average price of $84.20 and a 200 day moving average price of $95.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly 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 return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. SharkNinja's revenue was up 14.7% on a year-over-year basis. Equities research analysts forecast that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently modified their holdings of the business. FMR LLC raised its position in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after buying an additional 2,155,136 shares during the period. William Blair Investment Management LLC raised its position in shares of SharkNinja by 26.4% during 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. Baillie Gifford & Co. raised its position in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after acquiring an additional 604,559 shares during the last quarter. Finally, Palestra Capital Management LLC lifted its stake in shares of SharkNinja by 83.4% in the fourth 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 during the period. 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.