SharkNinja (NYSE:SN) Lowered to “Hold” Rating by Wall Street Zen

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

SN has been the subject of several other research reports. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. TD Cowen reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Morgan Stanley set a $110.00 price target on shares of SharkNinja in a research report on Monday, October 27th. Guggenheim boosted their price target on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $118.16 on Friday. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.41. 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 business has a 50-day moving average of $114.04 and a 200 day moving average of $108.66. SharkNinja has a 12 month low of $60.50 and a 12 month high of $129.19.

Institutional Investors Weigh In On SharkNinja

Several institutional investors have recently modified their holdings of SN. Parsifal Capital Management LP purchased a new position in SharkNinja in the third quarter valued at $111,773,000. Norges Bank purchased a new position in shares of SharkNinja during the second quarter worth about $81,983,000. Third Point LLC increased its position in shares of SharkNinja by 118.2% during the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after purchasing an additional 650,000 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in shares of SharkNinja in the 2nd quarter valued at about $46,048,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of SharkNinja in the 3rd quarter valued at about $46,772,000. 34.77% of the stock is 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.