SharkNinja, Inc. (NYSE:SN) Receives $122.50 Consensus Target Price from Analysts

SharkNinja, Inc. (NYSE:SN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $122.50.

A number of brokerages have recently issued reports on SN. Canaccord Genuity Group boosted their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th.

Hedge Funds Weigh In On SharkNinja

Several institutional investors and hedge funds have recently added to or reduced their stakes in SN. Quarry LP acquired a new stake in SharkNinja in the fourth quarter valued at $47,000. Continuum Advisory LLC grew its position in shares of SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares during the last quarter. R Squared Ltd acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $55,000. Covestor Ltd raised its position in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after acquiring an additional 475 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC lifted its stake in shares of SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after acquiring an additional 1,000 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SN stock traded down $7.79 during trading on Friday, reaching $70.96. 1,112,712 shares of the company's stock were exchanged, compared to its average volume of 1,365,734. The firm's fifty day moving average price is $94.76 and its 200-day moving average price is $100.40. SharkNinja has a twelve month low of $60.50 and a twelve month high of $123.00. The stock has a market capitalization of $9.96 billion, a PE ratio of 22.96, a PEG ratio of 2.35 and a beta of 1.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, sell-side analysts anticipate that SharkNinja will post 4.52 EPS for the current year.

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.