SharkNinja (NYSE:SN) Price Target Raised to $75.00 at Canaccord Genuity Group

SharkNinja (NYSE:SNFree Report) had its price target hoisted by Canaccord Genuity Group from $68.00 to $75.00 in a research report released on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms have also recently weighed in on SN. The Goldman Sachs Group raised their target price on shares of SharkNinja from $52.00 to $59.00 and gave the company an action list buy rating in a research note on Friday, February 16th. Morgan Stanley started coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They issued an equal weight rating and a $54.00 target price for the company. Finally, Guggenheim started coverage on shares of SharkNinja in a research note on Monday, February 5th. They issued a buy rating and a $60.00 target price for the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SharkNinja has a consensus rating of Buy and a consensus price target of 61.80.

Check Out Our Latest Research Report on SharkNinja

SharkNinja Trading Down 0.7 %

NYSE SN opened at 61.22 on Tuesday. 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 has a 12-month low of 25.84 and a 12-month high of 63.10. The firm has a 50 day simple moving average of 54.57.

SharkNinja (NYSE:SNGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of 1.31 billion. During the same period last year, the company earned $0.54 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. As a group, research analysts predict that SharkNinja will post 3.52 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in SharkNinja during the third quarter worth $229,844,000. Parsifal Capital Management LP lifted its holdings in shares of SharkNinja by 57.9% during the fourth quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock worth $162,304,000 after buying an additional 1,163,185 shares in the last quarter. FMR LLC acquired a new stake in shares of SharkNinja during the third quarter worth $99,595,000. Wolf Hill Capital Management LP lifted its holdings in shares of SharkNinja by 349.8% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock worth $69,047,000 after buying an additional 1,049,369 shares in the last quarter. Finally, Pertento Partners LLP lifted its holdings in shares of SharkNinja by 7.9% during the fourth quarter. Pertento Partners LLP now owns 997,791 shares of the company’s stock worth $51,057,000 after buying an additional 72,782 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

About SharkNinja

(Get Free Report)

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.

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Analyst Recommendations for SharkNinja (NYSE:SN)

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