JPMorgan Chase & Co. Lowers SharkNinja (NYSE:SN) Price Target to $144.00

SharkNinja (NYSE:SN) had its target price cut by stock analysts at JPMorgan Chase & Co. from $152.00 to $144.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 20.37% from the stock’s current price.

A number of other research firms also recently weighed in on SN. Canaccord Genuity Group set a $160.00 target price on SharkNinja in a research report on Thursday, February 12th. TD Cowen restated a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. Oppenheimer boosted their target price on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Guggenheim boosted their target price on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.90.

SharkNinja Stock Up 4.1%

Shares of NYSE SN opened at $119.63 on Friday. The firm’s 50-day simple moving average is $114.17 and its 200 day simple moving average is $108.23. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.54. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. SharkNinja has a 12-month low of $69.19 and a 12-month high of $133.99.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, research analysts expect that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Insider Activity at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the sale, the chief financial officer owned 8,673 shares in the company, valued at approximately $991,844.28. The trade was a 23.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.12% of the company’s stock.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new stake in SharkNinja in the third quarter valued at approximately $29,000. Larson Financial Group LLC increased its stake in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in SharkNinja in the fourth quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. bought a new stake in SharkNinja in the third quarter valued at approximately $46,000. Institutional investors own 34.77% of the company’s stock.

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.