SharkNinja (NYSE:SN) Price Target Increased to $128.00 by Analysts at JPMorgan Chase & Co.

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

Several other analysts also recently commented on SN. Bank of America upped their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a buy rating in a report on Tuesday, August 13th. The Goldman Sachs Group upped their price target on shares of SharkNinja from $83.00 to $102.00 and gave the company a buy rating in a report on Monday, August 12th. Finally, Canaccord Genuity Group increased their price target on SharkNinja from $82.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $91.28.

SharkNinja Price Performance

NYSE SN opened at $107.57 on Monday. The stock’s fifty day moving average price is $92.70 and its 200 day moving average price is $77.98. SharkNinja has a 1 year low of $38.69 and a 1 year 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 cap of $15.05 billion, a price-to-earnings ratio of 79.68, a PEG ratio of 1.55 and a beta of 0.76.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. As a group, equities research analysts forecast that SharkNinja will post 3.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SN. SG Americas Securities LLC grew its position in shares of SharkNinja by 9.4% during the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after acquiring an additional 380 shares during the period. Parallel Advisors LLC acquired a new stake in SharkNinja in the fourth quarter valued at approximately $37,000. Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja in the second quarter valued at approximately $70,000. Headlands Technologies LLC acquired a new position in shares of SharkNinja during the 1st quarter worth approximately $66,000. Finally, Kessler Investment Group LLC purchased a new position in shares of SharkNinja during the 2nd quarter valued at approximately $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.