SharkNinja (NYSE:SN) Price Target Raised to $150.00

SharkNinja (NYSE:SN - Get Free Report) had its price target upped by analysts at Jefferies Financial Group from $115.00 to $150.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 36.95% from the stock's current price.

Several other analysts also recently weighed in on the stock. Bank of America boosted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday. Guggenheim lifted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a report on Monday, October 7th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $82.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $97.00 to $128.00 and gave the company an "overweight" rating in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.25.

SharkNinja Stock Up 0.0 %

Shares of NYSE:SN traded up $0.05 during trading on Wednesday, hitting $109.53. 1,137,922 shares of the company were exchanged, compared to its average volume of 1,117,311. The stock has a market capitalization of $15.33 billion, a P/E ratio of 62.95, a PEG ratio of 1.90 and a beta of 0.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. SharkNinja has a 12-month low of $38.69 and a 12-month high of $112.65. The firm's 50 day moving average price is $101.46 and its 200-day moving average price is $82.93.

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

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new position in shares of SharkNinja during the 2nd quarter worth $190,482,000. Thrivent Financial for Lutherans grew its stake in shares of SharkNinja by 29.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock worth $127,450,000 after purchasing an additional 380,926 shares during the period. Wolf Hill Capital Management LP grew its stake in shares of SharkNinja by 4.1% during the 1st quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company's stock worth $87,539,000 after purchasing an additional 55,974 shares during the period. Jericho Capital Asset Management L.P. acquired a new position in shares of SharkNinja during the 1st quarter worth $62,309,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock worth $56,401,000 after purchasing an additional 14,140 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

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.