SharkNinja (NYSE:SN) Price Target Raised to $127.00 at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its price objective boosted by JPMorgan Chase & Co. from $120.00 to $127.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 18.55% from the company’s current price.

Other equities analysts have also issued reports about the stock. Guggenheim lifted their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Oppenheimer initiated coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group increased their price objective on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.28.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $107.13 on Thursday. The firm’s 50 day simple moving average is $99.79 and its 200-day simple moving average is $94.97. 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 one year low of $45.85 and a one year high of $112.93. The firm has a market cap of $14.99 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. SharkNinja’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. As a group, equities analysts predict that SharkNinja will post 3.89 EPS for the current year.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently modified their holdings of SN. Dimensional Fund Advisors LP lifted its holdings in shares of SharkNinja by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock worth $56,401,000 after purchasing an additional 14,140 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of SharkNinja by 16.3% during the second quarter. Renaissance Technologies LLC now owns 368,800 shares of the company’s stock worth $27,715,000 after purchasing an additional 51,800 shares during the period. Amalgamated Bank acquired a new stake in shares of SharkNinja during the second quarter worth about $285,000. Blair William & Co. IL acquired a new stake in shares of SharkNinja during the second quarter worth about $5,118,000. Finally, Seven Eight Capital LP lifted its holdings in shares of SharkNinja by 27.1% during the second quarter. Seven Eight Capital LP now owns 28,847 shares of the company’s stock worth $2,168,000 after purchasing an additional 6,156 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.