SharkNinja (NYSE:SN) Price Target Raised to $129.00 at Canaccord Genuity Group

SharkNinja (NYSE:SN - Free Report) had its price target upped by Canaccord Genuity Group from $128.00 to $129.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on SN. Guggenheim raised their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Finally, Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $116.50.

SharkNinja Trading Down 0.4 %

NYSE:SN traded down $0.45 during mid-day trading on Wednesday, hitting $102.00. 669,036 shares of the stock traded hands, compared to its average volume of 784,827. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. SharkNinja has a 52 week low of $45.85 and a 52 week high of $112.93. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 1.65 and a beta of 1.10. The firm's 50 day moving average is $98.72 and its two-hundred day moving average is $94.05.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $0.95 EPS. SharkNinja's quarterly revenue was up 33.3% on a year-over-year basis. On average, equities research analysts predict that SharkNinja will post 3.88 earnings per share for the current year.

Institutional Trading of SharkNinja

Several institutional investors have recently modified their holdings of SN. FMR LLC lifted its holdings in SharkNinja by 47.5% in the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of SharkNinja in the second quarter worth about $190,482,000. Baillie Gifford & Co. boosted its position in SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after acquiring an additional 1,797,578 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in SharkNinja by 29.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock valued at $127,450,000 after acquiring an additional 380,926 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in SharkNinja in the 3rd quarter valued at about $114,878,000. Institutional investors and hedge funds own 34.77% of the company's stock.

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.