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

SharkNinja (NYSE:SN) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $126.00 to $142.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.17% from the company’s current price.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group set a $140.00 price target on SharkNinja in a research note on Thursday, January 8th. Cowen reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday. Guggenheim upped their target price on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Morgan Stanley set a $110.00 price objective on SharkNinja in a report on Monday, October 27th. Finally, TD Cowen assumed coverage on SharkNinja in a research note on Wednesday, December 10th. They issued a “buy” rating and a $135.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.75.

SharkNinja Trading Up 1.2%

SharkNinja stock traded up $1.56 during trading hours on Friday, reaching $127.73. 218,420 shares of the company’s stock were exchanged, compared to its average volume of 1,634,945. The firm’s 50 day simple moving average is $106.64 and its 200 day simple moving average is $107.43. SharkNinja has a twelve month low of $60.50 and a twelve month high of $129.19. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $18.03 billion, a PE ratio of 31.47, a PEG ratio of 1.93 and a beta of 1.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Allworth Financial LP grew its position in SharkNinja by 5.2% during the third quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after acquiring an additional 96 shares during the last quarter. World Investment Advisors grew its holdings in shares of SharkNinja by 3.0% in the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock worth $328,000 after purchasing an additional 98 shares during the last quarter. GAMMA Investing LLC raised its holdings in SharkNinja by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after buying an additional 110 shares during the last quarter. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 126 shares during the period. Finally, Boothe Investment Group Inc. increased its holdings in SharkNinja by 0.4% during the 3rd quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock valued at $3,266,000 after purchasing an additional 127 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

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.