SharkNinja (NYSE:SN) PT Raised to $128.00

SharkNinja (NYSE:SN) had its target price boosted by JPMorgan Chase & Co. from $97.00 to $128.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 18.57% from the company’s previous close.

A number of other brokerages have also issued reports on SN. The Goldman Sachs Group upped their target price on SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Bank of America increased 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.28.

SharkNinja Stock Performance

SharkNinja stock opened at $107.95 on Monday. SharkNinja has a 12-month low of $38.69 and a 12-month high of $109.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 79.96, a price-to-earnings-growth ratio of 1.55 and a beta of 0.76. The firm’s fifty day moving average price is $91.97 and its 200 day moving average price is $77.78.

SharkNinja (NYSE:SN) last announced its earnings results 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 return on equity of 32.29% and a net margin of 5.16%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. On average, research analysts forecast that SharkNinja will post 3.89 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in SharkNinja in the fourth quarter worth about $37,000. Picton Mahoney Asset Management bought a new position in SharkNinja in the second quarter worth about $70,000. Headlands Technologies LLC bought a new position in SharkNinja in the first quarter worth about $66,000. Kessler Investment Group LLC bought a new position in SharkNinja in the second quarter worth about $125,000. Finally, Magnetar Financial LLC bought a new position in SharkNinja in the second quarter worth about $233,000. 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.