SharkNinja (NYSE:SN) Stock Price Expected to Rise, Oppenheimer Analyst Says

SharkNinja (NYSE:SN) had its price objective raised by stock analysts at Oppenheimer from $105.00 to $120.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 30.08% from the stock’s current price.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a research report on Friday. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group lifted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.50.

SharkNinja Stock Performance

Shares of SN opened at $92.25 on Friday. The company’s 50 day simple moving average is $81.92 and its 200-day simple moving average is $95.95. The firm has a market cap of $12.95 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. SharkNinja has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $1.06 EPS. SharkNinja’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict that SharkNinja will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of SharkNinja by 117.4% during the 3rd quarter. Barclays PLC now owns 8,394 shares of the company’s stock worth $913,000 after acquiring an additional 4,533 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in SharkNinja by 30.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company’s stock worth $11,430,000 after purchasing an additional 27,436 shares during the last quarter. City Center Advisors LLC purchased a new stake in SharkNinja during the fourth quarter worth $316,000. Capital CS Group LLC acquired a new stake in SharkNinja in the fourth quarter valued at $314,000. Finally, Oak Thistle LLC purchased a new position in shares of SharkNinja in the fourth quarter valued at $353,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.