SharkNinja (NYSE:SN) Price Target Increased to $120.00 by Analysts at Guggenheim

SharkNinja (NYSE:SN - Free Report) had its price objective hoisted by Guggenheim from $100.00 to $120.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

SN has been the subject of several other reports. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $83.00 to $102.00 and gave the company a buy rating in a report on Monday, August 12th. Oppenheimer assumed coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an outperform rating and a $120.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $97.00 to $128.00 and gave the company an overweight rating in a research note on Monday, September 30th. Bank of America boosted their target price on shares of SharkNinja from $100.00 to $110.00 and gave the company a buy rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group boosted their target price on shares of SharkNinja from $82.00 to $90.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $97.94.

SharkNinja Stock Performance

Shares of NYSE SN traded down $1.41 during midday trading on Monday, hitting $108.31. The company's stock had a trading volume of 478,769 shares, compared to its average volume of 1,120,433. SharkNinja has a 1-year low of $38.69 and a 1-year high of $110.96. The firm's fifty day moving average price is $94.18 and its 200-day moving average price is $78.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The firm has a market cap of $15.16 billion, a P/E ratio of 80.23, a P/E/G ratio of 1.86 and a beta of 0.77.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly 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. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.46 EPS. The company's quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts forecast that SharkNinja will post 3.9 EPS for the current fiscal year.

Institutional Trading of SharkNinja

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP bought a new stake in shares of SharkNinja in the 4th quarter worth approximately $564,000. Verition Fund Management LLC bought a new stake in shares of SharkNinja in the 4th quarter worth approximately $5,375,000. Wolf Hill Capital Management LP raised its holdings in shares of SharkNinja by 349.8% in the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company's stock worth $69,047,000 after purchasing an additional 1,049,369 shares in the last quarter. III Capital Management raised its holdings in shares of SharkNinja by 38.5% in the 4th quarter. III Capital Management now owns 54,000 shares of the company's stock worth $2,763,000 after purchasing an additional 15,000 shares in the last quarter. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of SharkNinja in the 4th quarter worth approximately $7,484,000. 34.77% of the stock is currently owned by institutional investors.

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.