Morgan Stanley Raises SharkNinja (NYSE:SN) Price Target to $108.00

SharkNinja (NYSE:SN) had its target price lifted by equities researchers at Morgan Stanley from $93.00 to $108.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 2.11% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Stock Down 3.6 %

Shares of NYSE:SN opened at $110.32 on Friday. The company’s fifty day moving average is $104.88 and its 200-day moving average is $100.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja has a 52 week low of $49.86 and a 52 week high of $123.00. The company has a market capitalization of $15.44 billion, a PE ratio of 43.26, a P/E/G ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Equities research analysts predict that SharkNinja will post 3.91 earnings per share for the current fiscal year.

Institutional Trading of SharkNinja

A number of hedge funds have recently modified their holdings of the company. Metavasi Capital LP bought a new stake in SharkNinja in the fourth quarter valued at approximately $10,710,000. Palestra Capital Management LLC increased its position in shares of SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock valued at $173,377,000 after buying an additional 809,960 shares in the last quarter. AQR Capital Management LLC raised its stake in SharkNinja by 126.8% during the 4th quarter. AQR Capital Management LLC now owns 101,823 shares of the company’s stock worth $9,812,000 after buying an additional 56,927 shares during the period. Northern Trust Corp lifted its holdings in SharkNinja by 14.5% during the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company’s stock worth $12,782,000 after acquiring an additional 16,607 shares in the last quarter. Finally, Quarry LP acquired a new position in SharkNinja in the fourth quarter valued at about $47,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.