Morgan Stanley Increases SharkNinja (NYSE:SN) Price Target to $108.00

SharkNinja (NYSE:SN - Get Free Report) had its target price boosted by equities researchers at Morgan Stanley from $93.00 to $108.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target suggests a potential downside of 2.07% from the stock's current price.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. The Goldman Sachs Group increased their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Canaccord Genuity Group lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday. Finally, Jefferies Financial Group increased their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One research 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, the company has an average rating of "Moderate Buy" and an average target price of $122.50.

SharkNinja Trading Down 0.0 %

Shares of NYSE:SN traded down $0.03 on Friday, hitting $110.28. 1,129,194 shares of the company's stock were exchanged, compared to its average volume of 1,168,887. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. SharkNinja has a 12 month low of $51.93 and a 12 month high of $123.00. 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 business's 50 day simple moving average is $105.30 and its two-hundred day simple moving average is $101.51.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. Analysts anticipate that SharkNinja will post 3.91 EPS for the current fiscal year.

Institutional Trading of SharkNinja

Several hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its position in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after buying an additional 182 shares during the last quarter. Quarry LP acquired a new stake in SharkNinja in the fourth quarter valued at approximately $47,000. Hollencrest Capital Management purchased a new position in SharkNinja in the third quarter worth $54,000. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the third quarter worth $54,000. Finally, Continuum Advisory LLC lifted its holdings in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.