SharkNinja (NYSE:SN) Price Target Lowered to $100.00 at The Goldman Sachs Group

SharkNinja (NYSE:SN - Get Free Report) had its price target lowered by equities research analysts at The Goldman Sachs Group from $133.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective points to a potential upside of 25.34% from the company's previous close.

SN has been the topic of a number of other reports. Morgan Stanley upped their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $116.72.

SharkNinja Price Performance

Shares of SharkNinja stock traded up $0.50 on Tuesday, reaching $79.78. 1,646,970 shares of the stock were exchanged, compared to its average volume of 1,410,178. The firm's 50 day moving average is $86.07 and its 200-day moving average is $97.66. The firm has a market cap of $11.20 billion, a PE ratio of 25.65, a P/E/G ratio of 2.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja has a one year low of $60.50 and a one year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, analysts anticipate that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Trading of SharkNinja

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its position in shares of SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after purchasing an additional 100 shares during the period. Voya Investment Management LLC raised its holdings in SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after purchasing an additional 154 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of SharkNinja by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock worth $2,833,000 after buying an additional 180 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors 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.