SharkNinja (NYSE:SN) PT Raised to $102.00

SharkNinja (NYSE:SN) had its price objective raised by research analysts at The Goldman Sachs Group from $83.00 to $102.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 15.55% from the company’s current price.

A number of other analysts have also recently weighed in on SN. Bank of America assumed coverage on shares of SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 price objective on the stock. China Renaissance assumed coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised their price objective on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley boosted their target price on SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, UBS Group raised their price target on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.31.

SharkNinja Stock Up 0.7 %

NYSE:SN traded up $0.63 during mid-day trading on Monday, hitting $88.27. The stock had a trading volume of 507,620 shares, compared to its average volume of 1,090,578. SharkNinja has a twelve month low of $29.42 and a twelve month high of $91.43. The stock has a 50-day simple moving average of $75.73 and a two-hundred day simple moving average of $66.10. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $12.35 billion and a PE ratio of 65.39.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.57 by $0.14. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. SharkNinja’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, equities research analysts anticipate that SharkNinja will post 3.82 EPS for the current year.

Institutional Trading of SharkNinja

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new position in shares of SharkNinja during the 4th quarter worth $37,000. Headlands Technologies LLC purchased a new position in SharkNinja during the 1st quarter valued at about $66,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the second quarter worth about $70,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of SharkNinja in the first quarter valued at about $77,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of SharkNinja in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.