SharkNinja, Inc. (NYSE:SN) Receives $121.50 Consensus PT from Analysts

SharkNinja, Inc. (NYSE:SN - Get Free Report) has been given an average rating of "Moderate Buy" by the nine brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $121.50.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Guggenheim lowered their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock 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 report on Thursday, February 13th. Oppenheimer lifted their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th.

SharkNinja Price Performance

Shares of SN stock traded up $0.42 during midday trading on Friday, reaching $94.78. 1,203,325 shares of the company traded hands, compared to its average volume of 1,455,401. The firm's 50 day simple moving average is $83.95 and its two-hundred day simple moving average is $95.78. SharkNinja has a 1-year low of $60.50 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market cap of $13.37 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. On average, equities research analysts expect that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SN. Forum Financial Management LP boosted its stake in shares of SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock worth $240,000 after purchasing an additional 144 shares during the last quarter. Voya Investment Management LLC lifted its stake 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 valued at $1,282,000 after buying an additional 154 shares during the period. GAMMA Investing LLC boosted its position in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in SharkNinja by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock worth $2,833,000 after acquiring an additional 180 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock worth $413,000 after acquiring an additional 219 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.