SharkNinja (NYSE:SN) Given New $145.00 Price Target at Bank of America

SharkNinja (NYSE:SN) had its price target raised by Bank of America from $140.00 to $145.00 in a research report sent to investors on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other analysts also recently weighed in on SN. Canaccord Genuity Group set a $140.00 target price on SharkNinja in a research report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $137.67.

SharkNinja Stock Up 0.6%

NYSE SN opened at $123.85 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 1.92 and a beta of 1.41. The company has a 50 day moving average of $109.85 and a 200-day moving average of $108.15. SharkNinja has a 1-year low of $60.50 and a 1-year high of $129.19.

Institutional Trading of SharkNinja

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of SharkNinja by 5.2% in the 3rd quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after acquiring an additional 96 shares during the last quarter. World Investment Advisors increased its holdings in SharkNinja by 3.0% in the 2nd quarter. World Investment Advisors now owns 3,312 shares of the company’s stock worth $328,000 after purchasing an additional 98 shares in the last quarter. GAMMA Investing LLC raised its position in SharkNinja by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after purchasing an additional 110 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Finally, Boothe Investment Group Inc. grew its holdings in shares of SharkNinja by 0.4% during the third quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock worth $3,266,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

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.