SharkNinja (NYSE:SN) Given New $142.00 Price Target at JPMorgan Chase & Co.

SharkNinja (NYSE:SN) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $126.00 to $142.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 11.17% from the stock’s previous close.

SN has been the topic of several other research reports. Guggenheim upped their target price on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Cowen reissued a “buy” rating on shares of SharkNinja in a report on Wednesday. Canaccord Genuity Group set a $140.00 price objective on SharkNinja in a report on Thursday, January 8th. Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Finally, Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.75.

SharkNinja Stock Up 1.2%

SharkNinja stock traded up $1.56 during mid-day trading on Friday, hitting $127.73. The company had a trading volume of 218,420 shares, compared to its average volume of 1,634,945. The stock’s 50 day moving average price is $106.64 and its two-hundred day moving average price is $107.43. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $18.03 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. SharkNinja has a 12 month low of $60.50 and a 12 month high of $129.19.

Institutional Trading of SharkNinja

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of SharkNinja during the 1st quarter worth $369,000. Goldman Sachs Group Inc. grew its holdings in SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in SharkNinja during the 1st quarter valued at approximately $656,000. 34.77% of the stock is currently owned by institutional investors.

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.