The Goldman Sachs Group Issues Pessimistic Forecast for SharkNinja (NYSE:SN) Stock Price

SharkNinja (NYSE:SN - Get Free Report) had its price target lowered by stock analysts at The Goldman Sachs Group from $133.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 26.81% from the stock's current price.

Other analysts have also recently issued reports about the company. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Morgan Stanley upped their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, SharkNinja currently has an average rating of "Moderate Buy" and an average price target of $116.72.

SharkNinja Stock Down 0.5 %

NYSE SN traded down $0.42 during trading on Tuesday, reaching $78.86. 130,414 shares of the company's stock were exchanged, compared to its average volume of 1,397,599. SharkNinja has a 1 year low of $60.50 and a 1 year high of $123.00. The stock has a market cap of $11.07 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a 50 day moving average price of $86.68 and a two-hundred day moving average price of $97.95.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts anticipate that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in shares of SharkNinja by 2.1% in the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock valued at $521,000 after acquiring an additional 100 shares in the last quarter. Barclays PLC lifted its holdings in SharkNinja by 117.4% in the 3rd quarter. Barclays PLC now owns 8,394 shares of the company's stock valued at $913,000 after purchasing an additional 4,533 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of SharkNinja during the 3rd quarter worth about $244,000. Tidal Investments LLC grew its holdings in shares of SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock worth $2,109,000 after buying an additional 5,416 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new position in shares of SharkNinja in the third quarter valued at approximately $2,181,000. Institutional investors and hedge funds own 34.77% of the company's stock.

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.