SharkNinja (NYSE:SN) Given New $128.00 Price Target at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its price objective raised by JPMorgan Chase & Co. from $97.00 to $128.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also issued reports on SN. 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 report on Tuesday, July 23rd. The Goldman Sachs Group upped their price target on SharkNinja from $83.00 to $102.00 and gave the company a buy rating in a research report on Monday, August 12th. Finally, Bank of America upped their price target on SharkNinja from $100.00 to $110.00 and gave the company a buy rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $87.69.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $108.68 on Monday. The business has a 50 day simple moving average of $91.25 and a two-hundred day simple moving average of $77.42. SharkNinja has a 12 month low of $38.69 and a 12 month high of $108.99. The stock has a market capitalization of $15.21 billion, a P/E ratio of 80.50, a PEG ratio of 1.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, August 8th. The company reported $0.71 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 quarter in the prior year, the firm earned $0.46 earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. As a group, analysts predict that SharkNinja will post 3.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC purchased a new position in SharkNinja in the fourth quarter worth approximately $37,000. Headlands Technologies LLC acquired a new position in SharkNinja during the first quarter worth $66,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the second quarter worth $70,000. Kessler Investment Group LLC acquired a new position in SharkNinja during the second quarter worth $125,000. Finally, Essex LLC acquired a new position in SharkNinja during the first quarter worth $204,000. 34.77% of the stock is currently owned by hedge funds and other 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.