SharkNinja (NYSE:SN) Price Target Cut to $98.00 by Analysts at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its price objective cut by JPMorgan Chase & Co. from $139.00 to $98.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on SN. Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley boosted their price target on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.28.

SharkNinja Stock Up 1.0 %

SN stock opened at $73.55 on Friday. The business’s 50-day moving average price is $93.27 and its 200-day moving average price is $99.94. The stock has a market cap of $10.32 billion, a P/E ratio of 23.65, a PEG ratio of 2.35 and a beta of 1.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts forecast that SharkNinja will post 4.52 EPS for the current year.

Institutional Trading of SharkNinja

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after buying an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC raised its position in SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the period. Norges Bank purchased a new stake in SharkNinja during the fourth quarter valued at approximately $100,845,000. Palestra Capital Management LLC lifted its stake in shares of SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock valued at $173,377,000 after purchasing an additional 809,960 shares during the last quarter. Finally, Greenvale Capital LLP purchased a new position in shares of SharkNinja in the 4th quarter worth approximately $73,020,000. Institutional investors own 34.77% of the company’s stock.

About SharkNinja

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.