The Goldman Sachs Group Boosts SharkNinja (NYSE:SN) Price Target to $123.00

SharkNinja (NYSE:SN) had its price target hoisted by The Goldman Sachs Group from $102.00 to $123.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on SN. Bank of America boosted their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. increased their price target on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Oppenheimer began coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective on the stock. Canaccord Genuity Group raised their target price on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Guggenheim boosted their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.25.

SharkNinja Stock Performance

Shares of SN stock opened at $109.53 on Monday. SharkNinja has a 12-month low of $38.69 and a 12-month high of $112.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 62.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. The business has a 50 day simple moving average of $101.46 and a 200 day simple moving average of $82.93.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities research analysts anticipate that SharkNinja will post 3.89 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SN. Signaturefd LLC grew its position in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Waldron Private Wealth LLC acquired a new position in SharkNinja during the third quarter valued at $65,000. Headlands Technologies LLC acquired a new position in SharkNinja during the first quarter valued at $66,000. Picton Mahoney Asset Management purchased a new stake in SharkNinja in the 2nd quarter worth about $70,000. Finally, Kessler Investment Group LLC acquired a new stake in SharkNinja during the 2nd quarter worth about $125,000. 34.77% of the stock is owned by hedge funds and other 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.