SharkNinja (NYSE:SN) PT Raised to $128.00

SharkNinja (NYSE:SN) had its price target increased by analysts at JPMorgan Chase & Co. from $97.00 to $128.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.57% from the company’s current price.

SN has been the subject of several other reports. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Bank of America lifted their price objective on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group increased their target price on SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.28.

SharkNinja Stock Performance

NYSE SN opened at $107.95 on Monday. SharkNinja has a 1-year low of $38.69 and a 1-year high of $109.97. The company has a market capitalization of $15.11 billion, a P/E ratio of 79.96, a PEG ratio of 1.55 and a beta of 0.76. The business has a 50 day moving average price of $91.97 and a 200 day moving average price of $77.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04.

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

Hedge Funds Weigh In On SharkNinja

A number of large investors have recently modified their holdings of SN. Parallel Advisors LLC purchased a new position in shares of SharkNinja in the 4th quarter valued at $37,000. Headlands Technologies LLC purchased a new position in SharkNinja in the first quarter valued at about $66,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the second quarter worth about $70,000. Kessler Investment Group LLC acquired a new position in shares of SharkNinja during the second quarter worth about $125,000. Finally, Essex LLC purchased a new stake in shares of SharkNinja in the first quarter worth about $204,000. 34.77% of the stock is currently owned by hedge funds and other 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.