SharkNinja (NYSE:SN) PT Raised to $123.00 at The Goldman Sachs Group

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

Several other equities research analysts have also commented on the stock. Canaccord Genuity Group boosted their price target on shares of 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 target price on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Bank of America boosted their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Guggenheim raised their price objective on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Oppenheimer began coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.25.

SharkNinja Stock Down 1.6 %

Shares of NYSE:SN opened at $107.79 on Monday. The business’s 50 day moving average is $101.46 and its 200 day moving average is $82.93. The stock has a market cap of $15.08 billion, a P/E ratio of 61.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77. SharkNinja has a 52-week low of $38.69 and a 52-week high of $112.65. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The business’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Sell-side analysts predict that SharkNinja will post 3.89 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently modified their holdings of SN. William Blair Investment Management LLC purchased a new position in SharkNinja in the 2nd quarter worth $190,482,000. Thrivent Financial for Lutherans lifted its holdings in shares of SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after purchasing an additional 380,926 shares during the period. Wolf Hill Capital Management LP boosted its position in SharkNinja by 4.1% in the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company’s stock valued at $87,539,000 after buying an additional 55,974 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in SharkNinja in the 1st quarter worth approximately $62,309,000. Finally, Dimensional Fund Advisors LP raised its position in SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock worth $56,401,000 after buying an additional 14,140 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.