SharkNinja (NYSE:SN) Price Target Lowered to $136.00 at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its target price reduced by JPMorgan Chase & Co. from $142.00 to $136.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms also recently commented on SN. Guggenheim reiterated a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Zacks Research raised SharkNinja from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Canaccord Genuity Group upped their price target on SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $130.71.

SharkNinja Stock Down 2.9%

SN opened at $103.16 on Tuesday. The company has a market cap of $14.56 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.02 and a beta of 1.68. The business’s 50-day moving average price is $115.57 and its 200-day moving average price is $99.11. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. SharkNinja has a 12 month low of $60.50 and a 12 month high of $128.51.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.78 by $0.19. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities analysts expect that SharkNinja will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of SharkNinja by 45.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,181 shares of the company’s stock worth $4,594,000 after acquiring an additional 14,777 shares during the period. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 14,737.7% during the 1st quarter. GAMMA Investing LLC now owns 29,527 shares of the company’s stock worth $2,463,000 after acquiring an additional 29,328 shares during the period. NBC Securities Inc. grew its holdings in shares of SharkNinja by 170,333.3% during the 1st quarter. NBC Securities Inc. now owns 10,226 shares of the company’s stock worth $852,000 after acquiring an additional 10,220 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of SharkNinja by 12.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 18,154 shares of the company’s stock worth $1,514,000 after acquiring an additional 2,046 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of SharkNinja by 270.4% during the 1st quarter. SG Americas Securities LLC now owns 6,489 shares of the company’s stock worth $541,000 after acquiring an additional 4,737 shares during the period. 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.