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

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

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. TD Cowen restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Bank of America upped their price target on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Canaccord Genuity Group set a $140.00 price objective on SharkNinja in a research report on Thursday, January 8th. Finally, Morgan Stanley set a $110.00 target price on SharkNinja in a research report on Monday, October 27th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.67.

SharkNinja Stock Up 1.1%

NYSE:SN opened at $119.49 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 firm has a market cap of $16.86 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.51 and a beta of 1.41. SharkNinja has a fifty-two week low of $60.50 and a fifty-two week high of $129.19. The firm has a 50-day simple moving average of $114.66 and a two-hundred day simple moving average of $108.66.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its holdings in SharkNinja by 5.2% during the third quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after buying an additional 96 shares during the last quarter. World Investment Advisors grew its position in shares of SharkNinja by 3.0% during the 2nd quarter. World Investment Advisors now owns 3,312 shares of the company’s stock valued at $328,000 after acquiring an additional 98 shares during the period. GAMMA Investing LLC grew its position in shares of SharkNinja by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after acquiring an additional 110 shares during the period. Larson Financial Group LLC increased its stake in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares in the last quarter. Finally, Boothe Investment Group Inc. raised its holdings in SharkNinja by 0.4% in the 3rd 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 period. 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.