The Goldman Sachs Group Increases SharkNinja (NYSE:SN) Price Target to $123.00

SharkNinja (NYSE:SN) had its price objective boosted by The Goldman Sachs Group from $102.00 to $123.00 in a report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

SN has been the subject of several other reports. Bank of America upped their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Guggenheim raised 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. JPMorgan Chase & Co. lifted 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. Canaccord Genuity Group increased their price objective 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, Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price on the stock. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus price target of $105.25.

SharkNinja Stock Down 1.6 %

Shares of SN stock opened at $107.79 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. SharkNinja has a one year low of $38.69 and a one year high of $112.65. The company’s fifty day moving average price is $101.46 and its 200-day moving average price is $82.93. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 61.95, a PEG ratio of 1.91 and a beta of 0.77.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The business 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 business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Sell-side analysts expect that SharkNinja will post 3.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SN. Signaturefd LLC boosted its stake in SharkNinja by 104.6% during 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. Waldron Private Wealth LLC purchased a new position in shares of SharkNinja during the 3rd quarter worth about $65,000. Headlands Technologies LLC bought a new position in SharkNinja during the 1st quarter valued at about $66,000. Picton Mahoney Asset Management purchased a new stake in SharkNinja in the 2nd quarter worth about $70,000. Finally, Kessler Investment Group LLC bought a new stake in SharkNinja in the second quarter worth about $125,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

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.