SharkNinja, Inc. (NYSE:SN) Receives $128.50 Consensus Target Price from Analysts

by · The Cerbat Gem

Shares of SharkNinja, Inc. (NYSE:SN – Get Free Report) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $130.75.

A number of equities analysts recently commented on SN shares. Canaccord Genuity Group raised their target price on SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday. Cowen began coverage on shares of SharkNinja in a report on Wednesday, December 10th. They issued a “buy” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 8th.

Check Out Our Latest Stock Report on SN

SharkNinja Trading Up 1.0%

SN opened at $113.77 on Thursday. SharkNinja has a 52 week low of $60.50 and a 52 week high of $128.51. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $95.16 and a 200-day simple moving average of $103.37. The firm has a market cap of $16.06 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.04 and a beta of 1.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SN. Cetera Investment Advisers grew its stake in SharkNinja by 18.3% during the 1st quarter. Cetera Investment Advisers now owns 4,185 shares of the company’s stock worth $349,000 after purchasing an additional 646 shares in the last quarter. 12 West Capital Management LP purchased a new position in shares of SharkNinja in the 1st quarter valued at about $6,256,000. PNC Financial Services Group Inc. grew its position in shares of SharkNinja by 11.0% during the first quarter. PNC Financial Services Group Inc. now owns 5,410 shares of the company’s stock worth $451,000 after buying an additional 537 shares in the last quarter. Nuveen LLC purchased a new stake in shares of SharkNinja during the first quarter worth approximately $15,003,000. Finally, Russell Investments Group Ltd. increased its stake in shares of SharkNinja by 86.6% during the first quarter. Russell Investments Group Ltd. now owns 65,471 shares of the company’s stock worth $5,461,000 after buying an additional 30,389 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Company Profile

(Get Free Report)

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.

Featured Articles