Brokerages Set SharkNinja, Inc. (NYSE:SN) Price Target at $83.81

SharkNinja, Inc. (NYSE:SN) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $83.81.

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Bank of America raised their price target on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Canaccord Genuity Group upped their price objective 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 $80.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Finally, China Renaissance assumed coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They set a “buy” rating on the stock.

SharkNinja Price Performance

SharkNinja stock opened at $105.77 on Tuesday. The business has a 50 day simple moving average of $87.18 and a 200-day simple moving average of $75.19. SharkNinja has a 12 month low of $38.69 and a 12 month high of $108.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The stock has a market capitalization of $14.80 billion, a PE ratio of 78.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.57 by $0.14. The company 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 business’s revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 EPS. Equities analysts predict that SharkNinja will post 3.89 earnings per share for the current year.

Institutional Trading of SharkNinja

Several institutional investors and hedge funds have recently modified their holdings of SN. Perpetual Ltd increased its position in SharkNinja by 3.6% during the first quarter. Perpetual Ltd now owns 317,960 shares of the company’s stock worth $19,806,000 after buying an additional 11,112 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in SharkNinja in the 1st quarter worth approximately $981,000. GSA Capital Partners LLP purchased a new position in SharkNinja during the first quarter worth about $1,076,000. Capstone Investment Advisors LLC boosted its stake in SharkNinja by 275.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 92,772 shares of the company’s stock worth $5,779,000 after buying an additional 68,069 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in SharkNinja in the 4th quarter valued at about $47,811,000. Hedge funds and other institutional investors 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.