Morgan Stanley Raises SharkNinja (NYSE:SN) Price Target to $93.00

SharkNinja (NYSE:SN - Get Free Report) had its target price upped by Morgan Stanley from $80.00 to $93.00 in a report released on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 4.37% from the stock's current price.

A number of other brokerages have also issued reports on SN. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Canaccord Genuity Group boosted their price objective on SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Bank of America increased their target price on SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Jefferies Financial Group lifted their price target on SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price objective on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $110.85.

SharkNinja Price Performance

Shares of SN stock traded down $3.10 during trading hours on Friday, reaching $89.11. The company had a trading volume of 4,758,758 shares, compared to its average volume of 1,162,790. 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 stock has a fifty day moving average of $103.41 and a 200-day moving average of $84.82. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 51.21, a PEG ratio of 1.92 and a beta of 0.77. SharkNinja has a 12-month low of $41.12 and a 12-month high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The business's revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities analysts anticipate that SharkNinja will post 3.9 earnings per share for the current year.

Institutional Trading of SharkNinja

Large investors have recently bought and sold shares of the business. Signaturefd LLC increased its stake in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management purchased a new position in SharkNinja during the third quarter worth $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja in the third quarter valued at $65,000. Headlands Technologies LLC purchased a new position in SharkNinja in the 1st quarter valued at about $66,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of SharkNinja during the second quarter valued at approximately $70,000. Institutional investors and hedge funds 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.