SharkNinja, Inc. (NYSE:SN) Receives $121.50 Consensus Price Target from Brokerages

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $121.50.

SN has been the subject of several recent analyst reports. Guggenheim decreased their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Oppenheimer raised their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley lifted their price objective on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th.

Institutional Trading of SharkNinja

A number of institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after buying an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC lifted its position 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 worth $699,021,000 after buying an additional 2,155,136 shares during the last quarter. Norges Bank acquired a new stake in shares of SharkNinja in the fourth quarter worth about $100,845,000. Palestra Capital Management LLC lifted its position 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 buying an additional 809,960 shares during the last quarter. Finally, Greenvale Capital LLP acquired a new stake in shares of SharkNinja in the fourth quarter worth about $73,020,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Up 4.2%

Shares of SharkNinja stock traded up $3.57 during midday trading on Thursday, hitting $89.26. The company's stock had a trading volume of 1,996,447 shares, compared to its average volume of 1,508,625. The firm has a market capitalization of $12.59 billion, a P/E ratio of 28.25, a PEG ratio of 1.65 and a beta of 1.70. The stock has a 50-day simple moving average of $86.85 and a 200-day simple moving average of $94.59. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. SharkNinja has a 1-year low of $60.50 and a 1-year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. SharkNinja's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. As a group, sell-side analysts expect that SharkNinja will post 4.52 earnings per share for the current year.

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.