SharkNinja (NYSE:SN) Given New $98.00 Price Target at JPMorgan Chase & Co.

SharkNinja (NYSE:SN - Get Free Report) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $139.00 to $98.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 34.58% from the company's previous close.

Several other equities analysts also recently issued reports on SN. Jefferies Financial Group raised their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and an average price target of $119.28.

SharkNinja Price Performance

SN stock traded down $1.86 during trading on Friday, reaching $72.82. 362,645 shares of the company were exchanged, compared to its average volume of 1,383,637. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a 50-day moving average of $91.74 and a two-hundred day moving average of $99.50. SharkNinja has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities analysts predict that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. Quarry LP bought a new position in SharkNinja in the 4th quarter valued at $47,000. Continuum Advisory LLC increased its position in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the last quarter. R Squared Ltd bought a new stake in shares of SharkNinja during the 4th quarter worth $55,000. Finally, Covestor Ltd boosted its holdings in shares of SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors 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.