SharkNinja, Inc. (NYSE:SN) Receives Average Rating of “Moderate Buy” from Analysts

SharkNinja, Inc. (NYSE:SN) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $133.25.

SN has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. TD Cowen began coverage on SharkNinja in a research note on Wednesday, December 10th. They issued a “buy” rating and a $135.00 price objective on the stock. Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research note on Wednesday.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds have recently made changes to their positions in SN. Cetera Investment Advisers boosted its position in SharkNinja by 18.3% in the first quarter. Cetera Investment Advisers now owns 4,185 shares of the company’s stock valued at $349,000 after buying an additional 646 shares in the last quarter. 12 West Capital Management LP bought a new position in shares of SharkNinja in the first quarter valued at approximately $6,256,000. PNC Financial Services Group Inc. boosted its holdings in shares of SharkNinja by 11.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,410 shares of the company’s stock worth $451,000 after acquiring an additional 537 shares in the last quarter. Nuveen LLC acquired a new position in shares of SharkNinja in the 1st quarter worth approximately $15,003,000. Finally, Russell Investments Group Ltd. grew its position in SharkNinja by 86.6% during the 1st quarter. Russell Investments Group Ltd. now owns 65,471 shares of the company’s stock worth $5,461,000 after acquiring an additional 30,389 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Down 0.9%

SN opened at $112.88 on Thursday. The company has a market capitalization of $15.93 billion, a P/E ratio of 27.87, a P/E/G ratio of 2.06 and a beta of 1.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The firm’s fifty day moving average price is $96.03 and its two-hundred day moving average price is $103.59. SharkNinja has a fifty-two week low of $60.50 and a fifty-two week high of $128.51.

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.