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

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $116.39.

A number of research firms have issued reports on SN. Oppenheimer started coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Bank of America boosted their target price on 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 raised their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group lifted their target price on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd.

SharkNinja Trading Up 2.5 %

Shares of NYSE SN traded up $2.48 during midday trading on Friday, hitting $100.55. The stock had a trading volume of 325,162 shares, compared to its average volume of 1,926,036. The company has a fifty day moving average price of $103.78 and a 200 day moving average price of $89.65. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 1.66 and a beta of 1.04. SharkNinja has a 1-year low of $45.35 and a 1-year high of $112.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in SharkNinja by 8.6% in the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock valued at $3,472,000 after buying an additional 4,411 shares during the period. Boston Partners increased its holdings in SharkNinja by 22.5% in the first quarter. Boston Partners now owns 156,316 shares of the company's stock valued at $9,738,000 after purchasing an additional 28,690 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SharkNinja in the second quarter valued at about $583,000. Harbor Capital Advisors Inc. bought a new position in SharkNinja during the second quarter worth about $513,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of SharkNinja during the 2nd quarter worth about $756,000. 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.