Guggenheim Increases SharkNinja (NYSE:SN) Price Target to $120.00

SharkNinja (NYSE:SNFree Report) had its price target raised by Guggenheim from $100.00 to $120.00 in a research report report published on Monday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They issued an outperform rating and a $120.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $97.00 to $128.00 and gave the stock an overweight rating in a research note on Monday, September 30th. Bank of America lifted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a buy rating in a research note on Tuesday, August 13th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $83.00 to $102.00 and gave the stock a buy rating in a research report on Monday, August 12th. Finally, Canaccord Genuity Group boosted their price target on SharkNinja from $82.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $97.94.

View Our Latest Stock Report on SharkNinja

SharkNinja Stock Down 1.0 %

SN stock opened at $108.20 on Monday. The firm has a market capitalization of $15.14 billion, a P/E ratio of 80.15, a P/E/G ratio of 1.91 and a beta of 0.77. The company’s 50 day simple moving average is $96.12 and its 200-day simple moving average is $79.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. SharkNinja has a 52-week low of $38.69 and a 52-week high of $110.96.

SharkNinja (NYSE:SNGet Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, equities research analysts anticipate that SharkNinja will post 3.89 EPS for the current year.

Institutional Trading of SharkNinja

Several large investors have recently made changes to their positions in SN. Headlands Technologies LLC bought a new position in SharkNinja during the first quarter worth about $66,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja in the second quarter valued at approximately $70,000. Kessler Investment Group LLC acquired a new stake in SharkNinja in the 2nd quarter worth about $125,000. Essex LLC acquired a new stake in shares of SharkNinja during the 1st quarter worth $204,000. Finally, Magnetar Financial LLC acquired a new stake in shares of SharkNinja in the 2nd quarter valued at $233,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

(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, 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.

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