Analysts Set SharkNinja, Inc. (NYSE:SN) PT at $120.06

Shares of SharkNinja, Inc. (NYSE:SN) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $122.50.

SN has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their target price 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. Morgan Stanley raised their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th.

Hedge Funds Weigh In On SharkNinja

Several large investors have recently added to or reduced their stakes in SN. Signaturefd LLC increased its stake in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the last quarter. Quarry LP purchased a new stake in SharkNinja in the 4th quarter worth about $47,000. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the third quarter valued at approximately $54,000. Safe Harbor Fiduciary LLC bought a new stake in SharkNinja during the 3rd quarter valued at $54,000. Finally, Continuum Advisory LLC lifted its holdings in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 1.3 %

SharkNinja stock opened at $110.74 on Friday. The firm has a 50 day moving average price of $105.70 and a two-hundred day moving average price of $101.64. 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 52-week low of $52.05 and a 52-week high of $123.00. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 2.35 and a beta of 1.13.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Equities analysts predict that SharkNinja will post 4.5 EPS 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.