The Goldman Sachs Group Boosts SharkNinja (NYSE:SN) Price Target to $74.00

SharkNinja (NYSE:SN) had its price objective increased by The Goldman Sachs Group from $59.00 to $74.00 in a research note published on Thursday, 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. Morgan Stanley started coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They set an equal weight rating and a $54.00 target price on the stock. UBS Group started coverage on shares of SharkNinja in a research note on Monday, April 15th. They set a buy rating and a $76.00 target price on the stock. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $68.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Guggenheim started coverage on shares of SharkNinja in a research note on Monday, February 5th. They set a buy rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of SharkNinja in a research note on Thursday, April 4th. They set an overweight rating and a $70.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of 67.14.

SharkNinja Price Performance

Shares of NYSE:SN opened at 63.84 on Thursday. The company’s 50 day simple moving average is 59.27 and its 200 day simple moving average is 51.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. SharkNinja has a 1 year low of 25.84 and a 1 year high of 65.61.

SharkNinja (NYSE:SN) last announced 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. The business had revenue of 1.38 billion for the quarter, compared to analysts’ expectations of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Analysts anticipate that SharkNinja will post 3.54 earnings per share for the current fiscal year.

Institutional Trading of SharkNinja

Several institutional investors have recently modified their holdings of SN. HighTower Advisors LLC bought a new stake in SharkNinja during the third quarter valued at $229,844,000. Parsifal Capital Management LP boosted its position in SharkNinja by 57.9% during the fourth quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after acquiring an additional 1,163,185 shares during the last quarter. FMR LLC bought a new stake in SharkNinja during the third quarter valued at $99,595,000. Wolf Hill Capital Management LP boosted its position in SharkNinja by 349.8% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock valued at $69,047,000 after acquiring an additional 1,049,369 shares during the last quarter. Finally, Pertento Partners LLP boosted its position in SharkNinja by 7.9% during the fourth quarter. Pertento Partners LLP now owns 997,791 shares of the company’s stock valued at $51,057,000 after acquiring an additional 72,782 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

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.