SharkNinja (NYSE:SN) Rating Increased to Buy at Wall Street Zen

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

SN has been the subject of several other research reports. Zacks Research downgraded SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Oppenheimer upped their price target on shares of SharkNinja from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday. TD Cowen assumed coverage on SharkNinja in a report on Wednesday, December 10th. They set a “buy” rating and a $135.00 price target on the stock. Canaccord Genuity Group set a $140.00 price objective on SharkNinja in a research report on Thursday, January 8th. Finally, Cowen reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.75.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $127.22 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.98 and a beta of 1.41. The company has a fifty day moving average of $107.34 and a 200-day moving average of $107.68. SharkNinja has a 52-week low of $60.50 and a 52-week high of $129.19.

Institutional Trading of SharkNinja

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