SharkNinja, Inc. (NYSE:SN) Stock Has Average Target Price of $194.84

SharkNinja, Inc. (NYSE:SN) has been given a consensus rating of “Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $208.32.

Several equities research analysts have recently weighed in on the company. Guggenheim upped their target price on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of SharkNinja in a report on Wednesday. Oppenheimer boosted their price target on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $204.00 price target on shares of SharkNinja in a report on Thursday, August 6th.

SharkNinja Stock Up 2.9%

Shares of SharkNinja stock opened at $223.53 on Friday. The company has a fifty day moving average price of $186.03 and a 200 day moving average price of $145.02. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.21. SharkNinja has a twelve month low of $83.21 and a twelve month high of $225.68. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.21.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.44. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. Equities research analysts forecast that SharkNinja will post 5.93 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 40.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SharkNinja

Large investors have recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SharkNinja during the first quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new position in shares of SharkNinja in the 2nd quarter worth approximately $30,000. IFP Advisors Inc grew its position in shares of SharkNinja by 108.2% in the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company’s stock worth $32,000 after acquiring an additional 92 shares in the last quarter. Richardson Financial Services Inc. grew its position in shares of SharkNinja by 36.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company’s stock worth $36,000 after acquiring an additional 53 shares in the last quarter. Finally, Latitude Advisors LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $37,000. 34.77% of the stock is owned by institutional investors and hedge funds.

About SharkNinja

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels.

The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.