SharkNinja (NYSE:SN) Price Target Cut to $126.00 by Analysts at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its target price cut by analysts at JPMorgan Chase & Co. from $131.00 to $126.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 36.40% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Oppenheimer cut their target price on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Canaccord Genuity Group lifted their target price on SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings downgraded shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.29.

SharkNinja Stock Up 0.5%

Shares of NYSE SN traded up $0.47 during trading on Friday, reaching $92.37. The company had a trading volume of 2,142,246 shares, compared to its average volume of 1,705,319. SharkNinja has a 12-month low of $60.50 and a 12-month high of $128.51. The business’s 50-day moving average is $102.12 and its 200 day moving average is $101.48. The stock has a market cap of $13.04 billion, a PE ratio of 25.24, a P/E/G ratio of 1.64 and a beta of 1.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.18. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.62 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. As a group, equities analysts forecast that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new stake in shares of SharkNinja during the third quarter worth about $29,000. GAMMA Investing LLC raised its holdings in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares during the period. Harbour Investments Inc. boosted its holdings in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 406 shares during the last quarter. New York State Teachers Retirement System purchased a new position in SharkNinja in the second quarter worth approximately $43,000. Finally, SVB Wealth LLC acquired a new stake in shares of SharkNinja during the 1st quarter worth about $36,000. 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.