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

SharkNinja (NYSE:SN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities analysts also recently issued research reports about the company. Guggenheim lifted their price objective on SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. JPMorgan Chase & Co. lifted their price target on SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. TD Cowen reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Finally, Bank of America lifted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $137.67.

SharkNinja Trading Down 1.0%

SN opened at $118.16 on Friday. The firm 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’s 50 day simple moving average is $114.04 and its two-hundred day simple moving average is $108.66. SharkNinja has a 1-year low of $60.50 and a 1-year high of $129.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wealth High Governance Capital Ltda acquired a new stake in shares of SharkNinja during the fourth quarter valued at about $17,072,000. M&T Bank Corp purchased a new position in shares of SharkNinja during the 4th quarter worth approximately $200,000. Quadcap Wealth Management LLC boosted its position 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 worth $700,000 after purchasing an additional 558 shares during the period. Concurrent Investment Advisors LLC increased its holdings in SharkNinja by 139.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 7,796 shares of the company’s stock valued at $872,000 after purchasing an additional 4,542 shares during the last quarter. Finally, NBC Securities Inc. raised its position in SharkNinja by 0.9% in the fourth quarter. NBC Securities Inc. now owns 15,625 shares of the company’s stock valued at $1,748,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

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.