JPMorgan Chase & Co. Lowers SharkNinja (NYSE:SN) Price Target to $120.00

SharkNinja (NYSE:SN) had its price objective decreased by JPMorgan Chase & Co. from $128.00 to $120.00 in a research report sent to investors on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group lifted their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Canaccord Genuity Group lifted their price target on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer started coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target on the stock. Morgan Stanley lifted 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. Finally, Bank of America lifted their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.85.

SharkNinja Price Performance

Shares of NYSE SN opened at $91.25 on Friday. 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 fifty-two week low of $41.12 and a fifty-two week high of $112.93. The firm has a market capitalization of $12.77 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04. The stock’s 50-day simple moving average is $103.45 and its 200-day simple moving average is $85.33.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $0.95 EPS. The business’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, equities research analysts forecast that SharkNinja will post 3.95 EPS for the current fiscal year.

Institutional Trading of SharkNinja

A number of institutional investors have recently modified their holdings of SN. Signaturefd LLC boosted its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management purchased a new stake in shares of SharkNinja in the third quarter valued at approximately $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja in the third quarter valued at approximately $65,000. Headlands Technologies LLC purchased a new stake in SharkNinja during the first quarter worth $66,000. Finally, Picton Mahoney Asset Management acquired a new stake in SharkNinja in the second quarter valued at $70,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

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.