SharkNinja, Inc. (NYSE:SN) Receives $133.25 Average PT from Analysts

SharkNinja, Inc. (NYSE:SN) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $133.50.

A number of equities research analysts have recently commented on SN shares. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. Oppenheimer lifted their target price on shares of SharkNinja from $112.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, December 15th. Morgan Stanley set a $110.00 price target on SharkNinja in a report on Monday, October 27th. Cowen began coverage on SharkNinja in a report on Wednesday, December 10th. They set a “buy” rating on the stock. Finally, TD Cowen initiated coverage on SharkNinja in a research report on Wednesday, December 10th. They issued a “buy” rating and a $135.00 price objective for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP grew its position in shares of SharkNinja by 5.2% in the 3rd quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock worth $200,000 after acquiring an additional 96 shares in the last quarter. World Investment Advisors raised its position in shares of SharkNinja by 3.0% during the 2nd quarter. World Investment Advisors now owns 3,312 shares of the company’s stock valued at $328,000 after acquiring an additional 98 shares in the last quarter. GAMMA Investing LLC lifted its stake in SharkNinja by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $63,000 after purchasing an additional 110 shares during the last quarter. Larson Financial Group LLC boosted its holdings in SharkNinja by 64.3% in 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 stake in SharkNinja by 0.4% during the third 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 last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Down 2.0%

SharkNinja stock opened at $120.51 on Monday. The stock has a 50-day moving average price of $103.62 and a 200 day moving average price of $106.77. SharkNinja has a 52 week low of $60.50 and a 52 week high of $128.51. The stock has a market cap of $17.01 billion, a PE ratio of 29.76, a P/E/G ratio of 1.88 and a beta of 1.41. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.

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.