SharkNinja (NYSE:SN) Given New $97.00 Price Target at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its target price upped by JPMorgan Chase & Co. from $80.00 to $97.00 in a research note issued to investors on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group increased their price objective on SharkNinja from $74.00 to $83.00 and gave the stock a buy rating in a research report on Monday, May 13th. UBS Group upped their target price on SharkNinja from $76.00 to $83.50 and gave the company a buy rating in a report on Friday, May 10th. Morgan Stanley boosted their price target on SharkNinja from $65.00 to $67.00 and gave the company an equal weight rating in a research note on Friday, May 10th. Canaccord Genuity Group upped their target price on SharkNinja from $82.00 to $90.00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Finally, China Renaissance started coverage on SharkNinja in a research report on Wednesday, May 29th. They set a buy rating on the stock. One 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 company currently has an average rating of Moderate Buy and a consensus price target of $81.31.

SharkNinja Stock Up 0.9 %

Shares of SN stock traded up $0.80 during trading on Friday, hitting $88.44. 563,061 shares of the company were exchanged, compared to its average volume of 1,091,059. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The firm has a market capitalization of $12.38 billion and a price-to-earnings ratio of 65.39. The business’s 50-day simple moving average is $75.73 and its 200 day simple moving average is $66.10. SharkNinja has a twelve month low of $29.42 and a twelve month high of $91.43.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. As a group, analysts forecast that SharkNinja will post 3.82 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC bought a new stake in SharkNinja during the 2nd quarter valued at $190,482,000. Parsifal Capital Management LP raised its stake in shares of SharkNinja by 57.9% during the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after buying an additional 1,163,185 shares during the last quarter. Wolf Hill Capital Management LP grew its position in shares of SharkNinja by 349.8% during the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock valued at $69,047,000 after acquiring an additional 1,049,369 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of SharkNinja during the 1st quarter valued at about $62,309,000. Finally, Wellington Management Group LLP acquired a new stake in SharkNinja in the 4th quarter worth about $47,811,000. 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.