SharkNinja (NYSE:SN) PT Raised to $120.00

SharkNinja (NYSE:SNGet Free Report) had its target price upped by analysts at Guggenheim from $100.00 to $120.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target suggests a potential upside of 9.47% from the stock’s current price.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Bank of America raised their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. Canaccord Genuity Group raised their price target on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, September 30th. One investment 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.94.

Read Our Latest Stock Report on SharkNinja

SharkNinja Stock Up 1.2 %

Shares of SN opened at $109.62 on Monday. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 81.20, a P/E/G ratio of 1.86 and a beta of 0.77. 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 12 month low of $38.69 and a 12 month high of $110.96. The company has a 50-day moving average price of $94.82 and a two-hundred day moving average price of $79.18.

SharkNinja (NYSE:SNGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The firm 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 company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Equities analysts predict that SharkNinja will post 3.9 EPS for the current fiscal year.

Institutional Trading of SharkNinja

A number of institutional investors have recently bought and sold shares of the business. Artemis Investment Management LLP acquired a new stake in SharkNinja during the 3rd quarter worth $24,391,000. Azzad Asset Management Inc. ADV grew its holdings in SharkNinja by 35.4% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 37,556 shares of the company’s stock worth $4,083,000 after acquiring an additional 9,811 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of SharkNinja during the second quarter worth $9,522,000. Maven Securities LTD bought a new position in shares of SharkNinja during the second quarter worth $488,000. Finally, Scientech Research LLC bought a new position in shares of SharkNinja during the second quarter worth $848,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

(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.

Further Reading

Analyst Recommendations for SharkNinja (NYSE:SN)

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