SharkNinja (NYSE:SN) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of SharkNinja (NYSE:SN – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

A number of other research analysts also recently issued reports on the company. Guggenheim upped their price objective on SharkNinja from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. TD Cowen started coverage on shares of SharkNinja in a report on Wednesday, December 10th. They issued a “buy” rating and a $135.00 price target on the stock. Cowen restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Finally, Morgan Stanley set a $110.00 price target on SharkNinja in a research note on Monday, October 27th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $136.75.

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SharkNinja Trading Up 0.8%

Shares of SN stock opened at $127.22 on Friday. SharkNinja has a 52-week low of $60.50 and a 52-week high of $129.19. The company has a 50-day simple moving average of $107.99 and a two-hundred day simple moving average of $107.83. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96.

Hedge Funds Weigh In On SharkNinja

A number of large investors have recently made changes to their positions in SN. Capricorn Fund Managers Ltd grew its stake in SharkNinja by 16.1% during the 2nd quarter. Capricorn Fund Managers Ltd now owns 130,000 shares of the company’s stock worth $12,869,000 after buying an additional 18,000 shares during the last quarter. Ethic Inc. acquired a new stake in shares of SharkNinja in the second quarter valued at approximately $303,000. Analyst IMS Investment Management Services Ltd. grew its position in shares of SharkNinja by 60.2% during the second quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock worth $1,238,000 after acquiring an additional 4,700 shares during the last quarter. Strs Ohio increased its holdings in shares of SharkNinja by 1,439.4% in the 2nd quarter. Strs Ohio now owns 191,974 shares of the company’s stock valued at $19,004,000 after acquiring an additional 179,503 shares during the period. Finally, Nixon Capital LLC raised its position in SharkNinja by 12.8% in the 3rd quarter. Nixon Capital LLC now owns 159,874 shares of the company’s stock valued at $16,491,000 after purchasing an additional 18,184 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Company Profile

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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.

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