SharkNinja, Inc. (NYSE:SN) Receives $116.39 Consensus Target Price from Brokerages

SharkNinja, Inc. (NYSE:SN) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $116.39.

Several research firms have recently commented on SN. Morgan Stanley boosted their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Guggenheim upped their target price on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th.

Institutional Investors Weigh In On SharkNinja

Several institutional investors have recently added to or reduced their stakes in SN. abrdn plc raised its position in shares of SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after purchasing an additional 63,299 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in SharkNinja during the 3rd quarter valued at $11,942,000. Advisors Asset Management Inc. lifted its position in shares of SharkNinja by 50.6% during the third quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock worth $2,154,000 after acquiring an additional 6,662 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of SharkNinja by 1,218.0% in the third quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock worth $9,780,000 after acquiring an additional 83,141 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of SharkNinja by 6,408.9% in the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after purchasing an additional 1,797,578 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of SN opened at $100.87 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $103.30 and its two-hundred day simple moving average is $90.57. SharkNinja has a 12 month low of $45.85 and a 12 month high of $112.93. The stock has a market capitalization of $14.12 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. As a group, analysts predict that SharkNinja will post 3.88 EPS for the current year.

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.