SharkNinja (NYSE:SN) Given New $129.00 Price Target at Canaccord Genuity Group

SharkNinja (NYSE:SN) had its price target hoisted by Canaccord Genuity Group from $128.00 to $129.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued research reports about the company. Oppenheimer began coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. Jefferies Financial Group lifted their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.50.

SharkNinja Price Performance

Shares of NYSE:SN opened at $107.89 on Wednesday. SharkNinja has a 12-month low of $45.85 and a 12-month high of $112.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a market cap of $15.10 billion, a P/E ratio of 42.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company’s fifty day moving average is $99.29 and its two-hundred day moving average is $94.31.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The business’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. Equities analysts expect that SharkNinja will post 3.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Several institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja during the 3rd quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of SharkNinja during the 3rd quarter worth $163,000. Institutional investors 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.