Brokerages Set SharkNinja, Inc. (NYSE:SN) Target Price at $122.50

SharkNinja, Inc. (NYSE:SN) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $122.50.

Several research analysts have recently weighed in on SN shares. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley raised their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock valued at $521,000 after acquiring an additional 100 shares in the last quarter. Voya Investment Management LLC grew its stake in SharkNinja by 1.2% during the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock valued at $1,282,000 after purchasing an additional 154 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in SharkNinja by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock valued at $2,833,000 after buying an additional 180 shares during the last quarter. CIBC Asset Management Inc raised its stake in SharkNinja by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after acquiring an additional 219 shares during the period. Finally, Zacks Investment Management increased its stake in shares of SharkNinja by 1.6% in the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company’s stock valued at $1,546,000 after purchasing an additional 257 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE:SN opened at $79.05 on Friday. The company has a market capitalization of $11.09 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. SharkNinja has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company’s 50-day moving average is $94.76 and its 200 day moving average is $100.40.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts forecast that SharkNinja will post 4.52 earnings per share for the current year.

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.