Analysts Set SharkNinja, Inc. (NYSE:SN) Price Target at $117.28

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $117.28.

A number of research analysts have issued reports on SN shares. Morgan Stanley boosted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday. Canaccord Genuity Group upped their target price on shares of SharkNinja from $128.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Jefferies Financial Group upped their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price on the stock.

SharkNinja Trading Up 0.7 %

SharkNinja stock traded up $0.75 during mid-day trading on Monday, reaching $109.61. 569,470 shares of the company traded hands, compared to its average volume of 702,524. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The firm's 50 day moving average price is $100.45 and its 200 day moving average price is $95.65. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 1.54 and a beta of 1.10. SharkNinja has a 52-week low of $45.85 and a 52-week high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company's quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. On average, analysts anticipate that SharkNinja will post 3.89 earnings per share for the current fiscal year.

Institutional Trading of SharkNinja

Several institutional investors have recently bought and sold shares of SN. FMR LLC lifted its stake in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after acquiring an additional 3,321,684 shares during the period. Baillie Gifford & Co. lifted its stake in SharkNinja by 6,408.9% during the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock valued at $198,464,000 after acquiring an additional 1,797,578 shares during the period. Westfield Capital Management Co. LP bought a new position in SharkNinja during the 3rd quarter valued at about $114,878,000. Dimensional Fund Advisors LP lifted its stake in SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock valued at $56,401,000 after acquiring an additional 14,140 shares during the period. Finally, Hood River Capital Management LLC lifted its stake in SharkNinja by 16.0% during the 2nd quarter. Hood River Capital Management LLC now owns 713,146 shares of the company's stock valued at $53,593,000 after acquiring an additional 98,440 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.