SharkNinja (NYSE:SN) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

SharkNinja (NYSE:SN) had its target price upped by stock analysts at Jefferies Financial Group from $150.00 to $175.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 53.11% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group increased their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Canaccord Genuity Group boosted their target price on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. increased their price target on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and an average price target of $120.06.

SharkNinja Price Performance

Shares of SN traded up $3.65 during mid-day trading on Thursday, hitting $114.30. 4,893,180 shares of the stock were exchanged, compared to its average volume of 1,156,130. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a market cap of $16.00 billion, a PE ratio of 44.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. SharkNinja has a 52-week low of $49.86 and a 52-week high of $123.00. The firm has a 50-day moving average of $104.44 and a two-hundred day moving average of $100.35.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. On average, equities analysts predict that SharkNinja will post 3.91 earnings per share for the current year.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp grew its holdings in shares of SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after purchasing an additional 101,020 shares during the last quarter. Tidal Investments LLC grew its stake in SharkNinja by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of SharkNinja during the third quarter worth approximately $5,832,000. abrdn plc raised its stake in shares of SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after acquiring an additional 63,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of SharkNinja in the third quarter valued at approximately $11,942,000. 34.77% of the stock is currently owned by 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.