Canaccord Genuity Group Raises SharkNinja (NYSE:SN) Price Target to $136.00

SharkNinja (NYSE:SN) had its price objective boosted by equities research analysts at Canaccord Genuity Group from $129.00 to $136.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 23.27% from the company’s previous close.

A number of other analysts have also recently commented on SN. Morgan Stanley upped their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Trading Down 3.6 %

Shares of SN stock opened at $110.32 on Friday. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13. The stock has a 50-day moving average of $104.88 and a 200-day moving average of $100.85. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja has a 1-year low of $49.86 and a 1-year high of $123.00.

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 the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities research analysts forecast that SharkNinja will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SN. FMR LLC boosted its stake in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after purchasing an additional 2,155,136 shares in the last quarter. Baillie Gifford & Co. grew its holdings in SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after buying an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in SharkNinja in the 3rd quarter valued at $114,878,000. Finally, Norges Bank bought a new position in SharkNinja during the 4th quarter valued at $100,845,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.