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

SharkNinja, Inc. (NYSE:SN) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $137.6667.

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Morgan Stanley set a $110.00 price objective on SharkNinja in a research report on Monday, October 27th. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds have recently added to or reduced their stakes in SN. Quadcap Wealth Management LLC lifted its holdings in shares of SharkNinja by 9.8% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,260 shares of the company’s stock valued at $700,000 after buying an additional 558 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in SharkNinja by 139.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 7,796 shares of the company’s stock valued at $872,000 after acquiring an additional 4,542 shares during the period. NBC Securities Inc. boosted its position in SharkNinja by 0.9% in the fourth quarter. NBC Securities Inc. now owns 15,625 shares of the company’s stock worth $1,748,000 after purchasing an additional 146 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of SharkNinja by 23.8% during the 4th quarter. Teacher Retirement System of Texas now owns 181,800 shares of the company’s stock valued at $20,343,000 after purchasing an additional 35,000 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of SharkNinja during the 4th quarter valued at about $818,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Down 0.4%

Shares of SharkNinja stock opened at $119.36 on Friday. The company has a 50-day simple moving average of $113.43 and a two-hundred day simple moving average of $108.61. SharkNinja has a 52-week low of $60.50 and a 52-week high of $129.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The stock has a market capitalization of $16.85 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.41.

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.