SharkNinja (NYSE:SN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

SharkNinja (NYSE:SN) had its price objective upped by research analysts at JPMorgan Chase & Co. from $126.00 to $142.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 11.62% from the company’s current price.

SN has been the subject of a number of other research reports. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Sunday, December 21st. Cowen reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday. Morgan Stanley set a $110.00 price target on SharkNinja in a report on Monday, October 27th. Oppenheimer increased their price objective on SharkNinja from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.75.

SharkNinja Stock Performance

SN stock opened at $127.22 on Friday. SharkNinja has a twelve month low of $60.50 and a twelve month high of $129.19. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.98 and a beta of 1.41. The business’s fifty day simple moving average is $107.34 and its two-hundred day simple moving average is $107.68. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On SharkNinja

A number of large investors have recently added to or reduced their stakes in SN. Capricorn Fund Managers Ltd grew its stake in SharkNinja by 16.1% during the 2nd quarter. Capricorn Fund Managers Ltd now owns 130,000 shares of the company’s stock valued at $12,869,000 after purchasing an additional 18,000 shares during the last quarter. Ethic Inc. purchased a new position in shares of SharkNinja in the second quarter worth about $303,000. Analyst IMS Investment Management Services Ltd. lifted its holdings in shares of SharkNinja by 60.2% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock worth $1,238,000 after purchasing an additional 4,700 shares during the period. Strs Ohio lifted its holdings in shares of SharkNinja by 1,439.4% during the second quarter. Strs Ohio now owns 191,974 shares of the company’s stock worth $19,004,000 after purchasing an additional 179,503 shares during the period. Finally, Hardman Johnston Global Advisors LLC boosted its position in SharkNinja by 7.3% in the second quarter. Hardman Johnston Global Advisors LLC now owns 264,316 shares of the company’s stock valued at $26,165,000 after buying an additional 18,040 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.