SharkNinja (NYSE:SN) Stock Rating Lowered by Wall Street Zen

SharkNinja (NYSE:SN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group increased their price objective on SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a report on Friday, November 7th. Guggenheim upped their price target on shares of SharkNinja from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Cowen initiated coverage on shares of SharkNinja in a research note on Wednesday, December 10th. They set a “buy” rating for the company. TD Cowen began coverage on shares of SharkNinja in a research note on Wednesday, December 10th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.25.

SharkNinja Stock Up 1.5%

SharkNinja stock opened at $117.01 on Friday. The company has a market capitalization of $16.52 billion, a P/E ratio of 28.89, a PEG ratio of 2.09 and a beta of 1.46. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. SharkNinja has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The stock has a 50-day simple moving average of $97.61 and a 200-day simple moving average of $104.22.

Institutional Trading of SharkNinja

Several hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors increased its stake in shares of SharkNinja by 3.0% during the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock worth $328,000 after acquiring an additional 98 shares during the period. Larson Financial Group LLC boosted its holdings in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Boothe Investment Group Inc. increased its position in SharkNinja by 0.4% during the 3rd quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock worth $3,266,000 after purchasing an additional 127 shares during the period. Keybank National Association OH increased its position in SharkNinja by 3.6% during the 3rd quarter. Keybank National Association OH now owns 5,470 shares of the company’s stock worth $564,000 after purchasing an additional 188 shares during the period. Finally, Forum Financial Management LP raised its stake in shares of SharkNinja by 8.2% during the 3rd quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock worth $258,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.