JPMorgan Chase & Co. Increases SharkNinja (NYSE:SN) Price Target to $128.00

SharkNinja (NYSE:SN) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $97.00 to $128.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.11% from the company’s previous close.

Several other analysts have also recently commented on the stock. The Goldman Sachs Group increased their price target on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Bank of America lifted their target price on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Canaccord Genuity Group upped their price target on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average target price of $87.69.

SharkNinja Price Performance

SN stock traded up $2.37 during midday trading on Monday, reaching $108.37. 785,862 shares of the company’s stock traded hands, compared to its average volume of 1,123,014. The company has a 50-day simple moving average of $90.51 and a two-hundred day simple moving average of $77.06. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja has a 1-year low of $38.69 and a 1-year high of $108.99. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 80.27, a PEG ratio of 1.56 and a beta of 0.76.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, analysts anticipate that SharkNinja will post 3.89 earnings per share for the current year.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in SharkNinja by 9.4% in the first 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 in the last quarter. Parallel Advisors LLC acquired a new stake in SharkNinja during the 4th quarter worth $37,000. Picton Mahoney Asset Management bought a new position in SharkNinja during the second quarter worth about $70,000. Headlands Technologies LLC acquired a new stake in shares of SharkNinja during the first quarter worth about $66,000. Finally, Kessler Investment Group LLC acquired a new position in shares of SharkNinja in the 2nd quarter valued at approximately $125,000. 34.77% of the stock is owned by institutional investors.

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.