SharkNinja, Inc. (NYSE:SN) Receives $110.85 Consensus Target Price from Analysts

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $110.85.

SN has been the topic of a number of research reports. Canaccord Genuity Group raised their target price on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Bank of America raised their price objective on SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. The Goldman Sachs Group boosted 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, Oppenheimer initiated coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price for the company.

SharkNinja Trading Down 1.8 %

SharkNinja stock traded down $1.66 during midday trading on Wednesday, reaching $92.34. The stock had a trading volume of 3,864,548 shares, compared to its average volume of 1,185,980. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04. SharkNinja has a 52-week low of $41.12 and a 52-week high of $112.93. The company has a fifty day moving average of $103.52 and a 200 day moving average of $85.56.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.95 EPS. SharkNinja's quarterly revenue was up 33.3% compared to the same quarter last year. On average, analysts anticipate that SharkNinja will post 3.9 earnings per share for the current fiscal year.

Institutional Trading of SharkNinja

Large investors have recently made changes to their positions in the business. Signaturefd LLC grew its stake in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management acquired a new position in shares of SharkNinja during the 3rd quarter valued at about $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $65,000. Headlands Technologies LLC acquired a new stake in SharkNinja during the first quarter worth $66,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of SharkNinja during the 2nd quarter worth $70,000. 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.