SharkNinja (NYSE:SN) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

SharkNinja (NYSE:SN - Get Free Report) had its price objective lifted by equities researchers at Jefferies Financial Group from $150.00 to $175.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 58.62% from the stock's previous close.

Several other research firms have also weighed in on SN. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Canaccord Genuity Group increased their target price on shares of SharkNinja from $128.00 to $129.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley increased their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. One investment 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 stock has an average rating of "Moderate Buy" and a consensus target price of $122.50.

SharkNinja Price Performance

Shares of SN traded down $4.12 during mid-day trading on Thursday, hitting $110.32. 1,578,203 shares of the company traded hands, compared to its average volume of 879,238. SharkNinja has a one year low of $49.86 and a one year high of $123.00. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $105.08 and a 200 day moving average of $101.26. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13.

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). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities analysts expect that SharkNinja will post 3.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after purchasing an additional 101,020 shares in the last quarter. Tidal Investments LLC grew its position in SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in SharkNinja in the third quarter valued at $5,832,000. abrdn plc grew its position in SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company's stock valued at $45,621,000 after purchasing an additional 63,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in SharkNinja in the third quarter valued at $11,942,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.