SharkNinja (NYSE:SN) Given New $120.00 Price Target at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its price objective decreased by analysts at JPMorgan Chase & Co. from $128.00 to $120.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 26.65% from the stock’s current price.

SN has been the subject of a number of other reports. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer assumed coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. Bank of America raised their target price on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley boosted their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Trading Up 2.8 %

SN stock opened at $94.75 on Friday. SharkNinja has a 52-week low of $41.12 and a 52-week high of $112.93. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $13.26 billion, a P/E ratio of 54.45, a PEG ratio of 1.92 and a beta of 0.77. The company’s 50-day simple moving average is $103.42 and its 200-day simple moving average is $84.63.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. SharkNinja’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, equities analysts forecast that SharkNinja will post 3.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of SharkNinja by 9.4% in the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after purchasing an additional 380 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC purchased a new stake in SharkNinja in the 3rd quarter valued at about $65,000. Finally, Picton Mahoney Asset Management acquired a new position in SharkNinja in the second quarter valued at about $70,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.