SharkNinja (NYSE:SN) Price Target Raised to $128.00 at Canaccord Genuity Group

by · The Cerbat Gem

SharkNinja (NYSE:SN – Free Report) had its target price boosted by Canaccord Genuity Group from $126.00 to $128.00 in a report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. raised their price target on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Bank of America upped their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. Jefferies Financial Group increased their price objective on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Guggenheim boosted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

Check Out Our Latest Analysis on SN

SharkNinja Price Performance

Shares of SN traded up $1.53 during trading hours on Friday, reaching $109.32. The company had a trading volume of 917,211 shares, compared to its average volume of 1,113,992. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. SharkNinja has a 12-month low of $38.69 and a 12-month high of $112.65. The firm has a 50 day simple moving average of $102.15 and a 200-day simple moving average of $83.42. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 62.83, a PEG ratio of 1.91 and a beta of 0.77.

SharkNinja (NYSE:SN – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Research analysts expect that SharkNinja will post 3.89 earnings per share for the current year.

Institutional Trading of SharkNinja

A number of institutional investors and hedge funds have recently bought and sold shares of the business. abrdn plc grew its stake in SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after buying an additional 63,299 shares during the period. Nisa Investment Advisors LLC purchased a new position in SharkNinja in the third quarter valued at about $1,357,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja during the third quarter worth about $65,000. Signaturefd LLC boosted its position in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares during the period. Finally, Fortis Group Advisors LLC grew its stake in shares of SharkNinja by 11.4% in the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock valued at $1,043,000 after buying an additional 980 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

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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