SharkNinja (NYSE:SN) PT Raised to $102.00 at The Goldman Sachs Group

SharkNinja (NYSE:SN) had its price objective increased by The Goldman Sachs Group from $83.00 to $102.00 in a research report sent to investors on Monday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. China Renaissance initiated coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They set a buy rating for the company. Canaccord Genuity Group boosted their price objective on SharkNinja from $82.00 to $90.00 and gave the stock a buy rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their target price on SharkNinja from $80.00 to $97.00 and gave the stock an overweight rating in a research note on Friday, August 9th. Morgan Stanley lifted their price target on SharkNinja from $65.00 to $67.00 and gave the stock an equal weight rating in a report on Friday, May 10th. Finally, UBS Group increased their price objective on SharkNinja from $76.00 to $83.50 and gave the stock a buy rating in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $83.81.

SharkNinja Price Performance

NYSE:SN opened at $91.44 on Monday. SharkNinja has a 12-month low of $29.48 and a 12-month high of $91.76. The firm has a market capitalization of $12.80 billion and a price-to-earnings ratio of 67.73. The stock’s 50 day moving average price is $76.77 and its two-hundred day moving average price is $66.99. The company has a quick ratio of 1.09, a current ratio of 1.92 and a debt-to-equity ratio of 0.49.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.94% and a net margin of 5.16%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was up 31.4% compared to the same quarter last year. On average, analysts anticipate that SharkNinja will post 4.08 earnings per share for the current year.

Institutional Investors Weigh In On SharkNinja

Several large investors have recently added to or reduced their stakes in SN. William Blair Investment Management LLC bought a new position in shares of SharkNinja during the 2nd quarter worth approximately $190,482,000. Parsifal Capital Management LP boosted its stake in 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 acquiring an additional 1,163,185 shares in the last quarter. Wolf Hill Capital Management LP grew its holdings in SharkNinja by 349.8% in the fourth quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock worth $69,047,000 after purchasing an additional 1,049,369 shares during the period. Jericho Capital Asset Management L.P. bought a new stake in SharkNinja in the first quarter valued at $62,309,000. Finally, Wellington Management Group LLP acquired a new position in shares of SharkNinja during the fourth quarter valued at about $47,811,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

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.