SharkNinja (NYSE:SN) Price Target Raised to $250.00

SharkNinja (NYSE:SN) had its price objective raised by analysts at Guggenheim from $210.00 to $250.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim‘s target price indicates a potential upside of 10.07% from the company’s previous close.

A number of other research analysts have also issued reports on SN. The Goldman Sachs Group reiterated a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating and set a $219.10 target price on shares of SharkNinja in a research note on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of SharkNinja in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday. Fourteen research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $211.39.

SharkNinja Stock Up 1.9%

SharkNinja stock traded up $4.17 during trading hours on Monday, hitting $227.12. The company had a trading volume of 386,848 shares, compared to its average volume of 1,811,871. The firm’s fifty day moving average is $186.03 and its 200-day moving average is $145.02. The firm has a market capitalization of $32.00 billion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. SharkNinja has a fifty-two week low of $83.21 and a fifty-two week high of $230.53. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.04 and a quick ratio of 1.39.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.44. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period last year, the business earned $1.50 EPS. On average, research analysts forecast that SharkNinja will post 5.93 earnings per share for the current year.

Insider Activity at SharkNinja

In related news, insider Neil Shah sold 50,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider directly owned 497,220 shares in the company, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

Large investors have recently made changes to their positions in the stock. Danske Bank A S increased its stake in shares of SharkNinja by 4.7% during the 3rd quarter. Danske Bank A S now owns 20,100 shares of the company’s stock worth $3,620,000 after purchasing an additional 900 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of SharkNinja by 40.4% in the 3rd quarter. Aberdeen Group plc now owns 291,652 shares of the company’s stock valued at $52,532,000 after purchasing an additional 83,950 shares during the period. Moors & Cabot Inc. bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $245,000. JW Asset Management LLC acquired a new stake in SharkNinja in the 3rd quarter valued at about $4,683,000. Finally, Fifth Third Bancorp lifted its stake in SharkNinja by 27.3% in the 3rd quarter. Fifth Third Bancorp now owns 648 shares of the company’s stock valued at $117,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels.

The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.