SharkNinja (NYSE:SN) PT Raised to $150.00 at Jefferies Financial Group

SharkNinja (NYSE:SN) had its price objective hoisted by Jefferies Financial Group from $115.00 to $150.00 in a research note released on Wednesday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on SN. Canaccord Genuity Group raised 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. JPMorgan Chase & Co. raised their target price on SharkNinja from $97.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. The Goldman Sachs Group raised their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Bank of America raised their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, Oppenheimer began coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $109.05.

SharkNinja Price Performance

SharkNinja stock opened at $109.32 on Wednesday. The business’s 50-day simple moving average is $102.15 and its 200 day simple moving average is $83.55. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 62.83, a P/E/G ratio of 1.91 and a beta of 0.77. SharkNinja has a 12-month low of $38.69 and a 12-month high of $112.65. 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 (NYSE:SN) 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. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue was up 31.4% compared to the same quarter last year. As a group, research analysts anticipate that SharkNinja will post 3.89 earnings per share 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 the company. Signaturefd LLC raised its position in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the last quarter. 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 valued at $275,000 after buying an additional 380 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $65,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the 2nd quarter worth approximately $70,000. Finally, Fortis Group Advisors LLC increased its position in shares of SharkNinja by 11.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock worth $1,043,000 after purchasing an additional 980 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

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.