SharkNinja, Inc. (NYSE:SN) Receives $116.39 Average PT from Analysts

SharkNinja, Inc. (NYSE:SN) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $116.39.

SN has been the subject of several recent research reports. Guggenheim increased their price target on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. The Goldman Sachs Group boosted their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in shares of SharkNinja by 2.1% during the third 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 last quarter. CIBC Asset Management Inc increased its holdings in SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after buying an additional 139 shares during the last quarter. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $54,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $54,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

SharkNinja stock opened at $95.73 on Thursday. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00. SharkNinja has a 12 month low of $45.85 and a 12 month high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The stock’s 50-day moving average is $100.42 and its 200-day moving average is $93.02.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $0.95 earnings per share. SharkNinja’s revenue was up 33.3% compared to the same quarter last year. Equities analysts anticipate that SharkNinja will post 3.88 earnings per share for the current year.

About SharkNinja

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.