SharkNinja (NYSE:SN) Price Target Raised to $120.00

by · The Cerbat Gem

SharkNinja (NYSE:SN – Free Report) had its target price hoisted by Guggenheim from $100.00 to $120.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

SN has been the subject of several other research reports. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $97.00 to $128.00 and gave the company an overweight rating in a research note on Monday, September 30th. 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 objective for the company. Canaccord Genuity Group lifted their target price on SharkNinja from $82.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, July 23rd. Bank of America increased their price target on SharkNinja from $100.00 to $110.00 and gave the stock a buy rating in a report on Tuesday, August 13th. Finally, The Goldman Sachs Group raised their price target on SharkNinja from $83.00 to $102.00 and gave the stock a buy rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of Moderate Buy and a consensus target price of $97.94.

Get Our Latest Report on SN

SharkNinja Stock Performance

SN stock opened at $109.27 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja has a twelve month low of $38.69 and a twelve month high of $110.96. The business’s fifty day moving average is $95.47 and its 200-day moving average is $79.52. The company has a market cap of $15.29 billion, a P/E ratio of 80.94, a price-to-earnings-growth 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, topping analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. Equities research analysts forecast that SharkNinja will post 3.89 EPS for the current year.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently bought and sold shares of SN. Artemis Investment Management LLP acquired a new position in SharkNinja during the 3rd quarter worth approximately $24,391,000. Azzad Asset Management Inc. ADV boosted its holdings in SharkNinja by 35.4% during the third quarter. Azzad Asset Management Inc. ADV now owns 37,556 shares of the company’s stock worth $4,083,000 after purchasing an additional 9,811 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in SharkNinja during the second quarter worth $9,522,000. Maven Securities LTD bought a new position in SharkNinja in the second quarter valued at $488,000. Finally, Scientech Research LLC acquired a new stake in SharkNinja in the 2nd quarter valued at $848,000. 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.

Featured Stories