SharkNinja (NYSE:SN) Given New $120.00 Price Target at JPMorgan Chase & Co.

SharkNinja (NYSE:SN - Get Free Report) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $128.00 to $120.00 in a research note issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 34.67% from the stock's current price.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group increased their target price on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Oppenheimer began coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective for the company. Guggenheim boosted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a report on Monday, October 7th. Bank of America boosted their price target on SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group increased their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and an average target price of $110.85.

SharkNinja Price Performance

NYSE:SN traded down $3.10 during mid-day trading on Friday, hitting $89.11. 4,758,758 shares of the stock traded hands, compared to its average volume of 1,162,790. The business's 50-day moving average price is $103.41 and its 200 day moving average price is $84.82. 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 12-month low of $41.12 and a 12-month high of $112.93. The company has a market cap of $12.47 billion, a PE ratio of 51.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $0.95 earnings per share. SharkNinja's revenue was up 33.3% on a year-over-year basis. On average, analysts expect that SharkNinja will post 3.9 EPS for the current fiscal year.

Institutional Trading of SharkNinja

Large investors have recently added to or reduced their stakes in the business. William Blair Investment Management LLC purchased a new position in SharkNinja during the second quarter valued at $190,482,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of SharkNinja during the first quarter valued at $62,309,000. Hood River Capital Management LLC bought a new position in SharkNinja in the 1st quarter worth about $38,290,000. Thrivent Financial for Lutherans grew its stake in SharkNinja by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock worth $127,450,000 after purchasing an additional 380,926 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of SharkNinja by 1,394.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 254,764 shares of the company's stock worth $19,146,000 after buying an additional 237,718 shares in the last quarter. 34.77% of the stock is currently 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.