SharkNinja (NYSE:SN) Price Target Increased to $120.00 by Analysts at Guggenheim

SharkNinja (NYSE:SN) had its price target increased by Guggenheim from $100.00 to $120.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity Group lifted their price objective on SharkNinja from $82.00 to $90.00 and gave the company a buy rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $97.00 to $128.00 and gave the stock an overweight rating in a research report on Monday, September 30th. The Goldman Sachs Group upped their target price on shares of SharkNinja from $83.00 to $102.00 and gave the stock a buy rating in a research note on Monday, August 12th. Oppenheimer assumed coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an outperform rating and a $120.00 price target on the stock. Finally, Bank of America upped their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a buy rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of Moderate Buy and a consensus target price of $97.94.

SharkNinja Stock Down 1.3 %

Shares of NYSE SN opened at $108.31 on Monday. SharkNinja has a 52-week low of $38.69 and a 52-week high of $110.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The stock has a market cap of $15.16 billion, a P/E ratio of 80.23, a P/E/G ratio of 1.86 and a beta of 0.77. The firm has a 50 day moving average price of $94.18 and a 200 day moving average price of $78.83.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.14. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Analysts expect that SharkNinja will post 3.9 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SN. Headlands Technologies LLC acquired a new stake in shares of SharkNinja in the 1st quarter valued at approximately $66,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the 2nd quarter worth about $70,000. Kessler Investment Group LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $125,000. Essex LLC acquired a new stake in SharkNinja in the 1st quarter valued at about $204,000. Finally, Magnetar Financial LLC bought a new position in SharkNinja during the second quarter worth about $233,000. 34.77% of the stock is currently owned by institutional investors.

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.