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

SharkNinja, Inc. (NYSE:SN) has received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $116.39.

A number of equities analysts have commented on SN shares. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Guggenheim boosted their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Jefferies Financial Group raised their price objective on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley lifted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st.

SharkNinja Trading Up 1.7 %

Shares of SN stock opened at $97.36 on Thursday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 38.18, 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 stock’s 50-day moving average price is $99.66 and its 200-day moving average price is $93.30.

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

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently modified their holdings of SN. Signaturefd LLC boosted its holdings in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management purchased a new stake in shares of SharkNinja in the 3rd quarter worth $54,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC bought a new position in shares of SharkNinja during the 3rd quarter worth $65,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of SharkNinja during the second quarter valued at $70,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.