SharkNinja (NYSE:SN) Price Target Raised to $123.00 at The Goldman Sachs Group

SharkNinja (NYSE:SN - Get Free Report) had its target price boosted by equities research analysts at The Goldman Sachs Group from $102.00 to $123.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price target suggests a potential upside of 11.96% from the company's previous close.

SN has been the topic of a number of other research reports. Bank of America lifted their target price on SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Canaccord Genuity Group lifted their target price on SharkNinja from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Oppenheimer started coverage on SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price target on the stock. Guggenheim boosted their price target on SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price target on SharkNinja from $97.00 to $128.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and an average target price of $100.28.

SharkNinja Stock Up 0.8 %

Shares of NYSE:SN traded up $0.91 during midday trading on Monday, reaching $109.86. The company had a trading volume of 868,032 shares, compared to its average volume of 1,118,952. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The business's 50 day moving average price is $100.66 and its 200 day moving average price is $82.43. The stock has a market cap of $15.37 billion, a PE ratio of 63.14, a P/E/G ratio of 1.90 and a beta of 0.77. SharkNinja has a 1-year low of $38.69 and a 1-year high of $110.96.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.14. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. SharkNinja's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Research analysts forecast that SharkNinja will post 3.89 EPS for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors have recently made changes to their positions in the company. Fortis Group Advisors LLC boosted its holdings in shares of SharkNinja by 11.4% during the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company's stock worth $1,043,000 after acquiring an additional 980 shares during the period. Seven Grand Managers LLC boosted its holdings in shares of SharkNinja by 150.0% during the third quarter. Seven Grand Managers LLC now owns 125,000 shares of the company's stock worth $13,589,000 after acquiring an additional 75,000 shares during the period. NBC Securities Inc. boosted its stake in shares of SharkNinja by 4,000.0% in the third quarter. NBC Securities Inc. now owns 6,150 shares of the company's stock valued at $668,000 after buying an additional 6,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SharkNinja by 14.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,881 shares of the company's stock valued at $965,000 after buying an additional 1,126 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of SharkNinja in the third quarter valued at approximately $24,391,000. Institutional investors own 34.77% of the company's stock.

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.