SharkNinja (NYSE:SN) Given New $74.00 Price Target at The Goldman Sachs Group

SharkNinja (NYSE:SN) had its target price upped by The Goldman Sachs Group from $59.00 to $74.00 in a research report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Guggenheim began coverage on shares of SharkNinja in a research note on Monday, February 5th. They set a buy rating and a $60.00 price objective on the stock. UBS Group initiated coverage on shares of SharkNinja in a research note on Monday, April 15th. They issued a buy rating and a $76.00 price target on the stock. Morgan Stanley initiated coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They issued an equal weight rating and a $54.00 price target on the stock. Canaccord Genuity Group raised their price target on shares of SharkNinja from $68.00 to $75.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of SharkNinja in a research note on Thursday, April 4th. They issued an overweight rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, SharkNinja currently has a consensus rating of Moderate Buy and an average price target of 67.14.

SharkNinja Stock Up 1.1 %

NYSE SN opened at 63.49 on Thursday. SharkNinja has a 12 month low of 25.84 and a 12 month high of 65.61. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company’s fifty day moving average price is 59.04 and its two-hundred day moving average price is 51.29.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm had revenue of 1.38 billion for the quarter, compared to the consensus estimate of 1.31 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that SharkNinja will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC bought a new stake in shares of SharkNinja during the 4th quarter worth $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of SharkNinja in the 3rd quarter valued at $42,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in SharkNinja in the 1st quarter worth about $77,000. Tower Research Capital LLC TRC acquired a new stake in SharkNinja during the 4th quarter worth about $97,000. Finally, SG Americas Securities LLC acquired a new position in shares of SharkNinja in the third quarter worth about $185,000. 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.