JPMorgan Chase & Co. Cuts SharkNinja (NYSE:SN) Price Target to $98.00

SharkNinja (NYSE:SN) had its price objective reduced by JPMorgan Chase & Co. from $139.00 to $98.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently weighed in on SN. Canaccord Genuity Group lifted their price target 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. Morgan Stanley boosted their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.28.

SharkNinja Stock Performance

SN stock opened at $73.55 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a market cap of $10.32 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The stock’s fifty day moving average price is $93.27 and its 200-day moving average price is $99.90.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities analysts forecast that SharkNinja will post 4.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SharkNinja by 12.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,154 shares of the company’s stock valued at $1,514,000 after buying an additional 2,046 shares during the last quarter. NBC Securities Inc. increased its holdings in SharkNinja by 170,333.3% in the 1st quarter. NBC Securities Inc. now owns 10,226 shares of the company’s stock valued at $852,000 after acquiring an additional 10,220 shares during the last quarter. GAMMA Investing LLC lifted its stake in SharkNinja by 14,737.7% in the 1st quarter. GAMMA Investing LLC now owns 29,527 shares of the company’s stock worth $2,463,000 after purchasing an additional 29,328 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of SharkNinja by 47.1% during the 4th quarter. Wellington Management Group LLP now owns 549,768 shares of the company’s stock valued at $53,525,000 after purchasing an additional 175,978 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SharkNinja during the fourth quarter valued at about $9,359,000. 34.77% of the stock is 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.