UBS Group Boosts SharkNinja (NYSE:SN) Price Target to $83.50

SharkNinja (NYSE:SNFree Report) had its price objective upped by UBS Group from $76.00 to $83.50 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also commented on the stock. Guggenheim started coverage on shares of SharkNinja in a report on Monday, February 5th. They issued a buy rating and a $60.00 price objective for the company. The Goldman Sachs Group lifted their price target on SharkNinja from $59.00 to $74.00 and gave the company a buy rating in a research report on Thursday, April 25th. Morgan Stanley raised their price objective on SharkNinja from $65.00 to $67.00 and gave the company an equal weight rating in a research report on Friday. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $75.00 to $82.00 and gave the company a buy rating in a research report on Friday. Finally, JPMorgan Chase & Co. initiated coverage on shares of SharkNinja in a report on Thursday, April 4th. They issued an overweight rating and a $70.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of 72.36.

View Our Latest Report on SN

SharkNinja Trading Down 2.0 %

Shares of SN stock opened at 70.38 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.09. SharkNinja has a 1-year low of 25.84 and a 1-year high of 72.57. The business has a 50-day moving average of 61.86 and a 200 day moving average of 53.26. The stock has a market capitalization of $9.79 billion and a PE ratio of 52.13.

SharkNinja (NYSE:SNGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported 1.06 earnings per share for the quarter, topping the consensus estimate of 0.95 by 0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The business had revenue of 1.07 billion during the quarter, compared to analysts’ expectations of 949.88 million. During the same quarter last year, the business posted $0.86 EPS. The business’s revenue was up 24.7% on a year-over-year basis. As a group, sell-side analysts anticipate that SharkNinja will post 3.8 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC raised its position in SharkNinja by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock worth $275,000 after buying an additional 380 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of SharkNinja in the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd bought a new position in SharkNinja during the third quarter valued at approximately $42,000. Headlands Technologies LLC purchased a new stake in SharkNinja in the first quarter worth approximately $66,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in SharkNinja during the 1st quarter valued at $77,000. 34.77% of the stock is owned by 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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Analyst Recommendations for SharkNinja (NYSE:SN)

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