SharkNinja (NYSE:SN) PT Raised to $74.00 at The Goldman Sachs Group

SharkNinja (NYSE:SN) had its target price upped by analysts at The Goldman Sachs Group from $59.00 to $74.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock.

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

SharkNinja Trading Up 0.6 %

Shares of NYSE:SN opened at 62.93 on Thursday. SharkNinja has a 1 year low of 25.84 and a 1 year high of 65.61. The business has a fifty day moving average price of 58.81 and a two-hundred day moving average price of 51.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.69.

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

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently made changes to their positions in SN. SG Americas Securities LLC bought a new position in shares of SharkNinja in the third quarter worth approximately $185,000. Handelsbanken Fonder AB bought a new stake in shares of SharkNinja during the 3rd quarter worth $457,000. Pinnacle Associates Ltd. bought a new stake in shares of SharkNinja during the 3rd quarter worth $335,000. Bank of New York Mellon Corp purchased a new position in SharkNinja in the third quarter worth $414,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in SharkNinja during the third quarter valued at about $1,929,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.