JPMorgan Chase & Co. Issues Positive Forecast for SharkNinja (NYSE:SN) Stock Price

SharkNinja (NYSE:SN) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $146.00 to $170.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 10.30% from the company’s previous close.

SN has been the subject of a number of other reports. Piper Sandler began coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price target for the company. Oppenheimer raised their price objective on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Canaccord Genuity Group upped their target price on SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Bank of America increased their target price on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $162.30.

SharkNinja Trading Up 2.7%

SN traded up $4.08 during trading on Thursday, hitting $154.12. 464,927 shares of the company’s stock were exchanged, compared to its average volume of 1,887,455. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. SharkNinja has a 1 year low of $83.12 and a 1 year high of $154.43. The stock has a 50 day moving average price of $129.53 and a 200 day moving average price of $120.91. The firm has a market cap of $21.81 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, analysts expect that SharkNinja will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently added to or reduced their stakes in SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in SharkNinja in the 1st quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after acquiring an additional 248 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of SharkNinja during the fourth quarter worth about $38,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of SharkNinja in the third quarter worth about $46,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Company Profile

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.