SharkNinja (NYSE:SN - Get Free Report) had its target price upped by research analysts at Canaccord Genuity Group from $129.00 to $136.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 23.32% from the company's previous close.
Other equities analysts have also issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley upped their price target on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note 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.com, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.50.
Get Our Latest Analysis on SharkNinja
SharkNinja Price Performance
Shares of SharkNinja stock traded down $0.03 during mid-day trading on Friday, reaching $110.28. 1,129,194 shares of the stock traded hands, compared to its average volume of 1,168,887. The stock has a market capitalization of $15.43 billion, a PE ratio of 43.25, a PEG ratio of 1.74 and a beta of 1.13. The business has a 50-day moving average of $105.30 and a 200 day moving average of $101.51. SharkNinja has a fifty-two week low of $51.93 and a fifty-two week high of $123.00. 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 (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, analysts predict that SharkNinja will post 3.91 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SN. Signaturefd LLC increased its position in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after acquiring an additional 182 shares during the last quarter. Quarry LP purchased a new position in shares of SharkNinja during the 4th quarter worth approximately $47,000. Hollencrest Capital Management purchased a new position in shares of SharkNinja in the 3rd quarter valued at about $54,000. Safe Harbor Fiduciary LLC purchased a new stake in SharkNinja during the third quarter worth approximately $54,000. Finally, Continuum Advisory LLC boosted its holdings in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.
SharkNinja Company Profile
(
Get Free Report)
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.
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