SharkNinja, Inc. (NYSE:SN) Receives $133.25 Average PT from Analysts

by · The Cerbat Gem

Shares of SharkNinja, Inc. (NYSE:SN – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $133.25.

Several brokerages have issued reports on SN. Guggenheim upped their price target on shares of SharkNinja from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Canaccord Genuity Group lifted their price objective on SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Oppenheimer upped their target price on SharkNinja from $112.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. TD Cowen assumed coverage on SharkNinja in a report on Wednesday, December 10th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th.

Read Our Latest Analysis on SN

SharkNinja Price Performance

SharkNinja stock opened at $117.93 on Monday. The firm has a market capitalization of $16.65 billion, a PE ratio of 29.12, a P/E/G ratio of 1.83 and a beta of 1.41. SharkNinja has a 52 week low of $60.50 and a 52 week high of $128.51. The firm’s 50-day simple moving average is $102.20 and its 200 day simple moving average is $106.28. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SN. Capricorn Fund Managers Ltd boosted its position in SharkNinja by 16.1% during the second quarter. Capricorn Fund Managers Ltd now owns 130,000 shares of the company’s stock worth $12,869,000 after acquiring an additional 18,000 shares during the last quarter. Ethic Inc. acquired a new position in SharkNinja in the 2nd quarter valued at $303,000. Analyst IMS Investment Management Services Ltd. lifted its stake in shares of SharkNinja by 60.2% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock worth $1,238,000 after purchasing an additional 4,700 shares during the period. Strs Ohio lifted its stake in shares of SharkNinja by 1,439.4% during the 2nd quarter. Strs Ohio now owns 191,974 shares of the company’s stock worth $19,004,000 after purchasing an additional 179,503 shares during the period. Finally, Hardman Johnston Global Advisors LLC boosted its holdings in shares of SharkNinja by 7.3% during the second quarter. Hardman Johnston Global Advisors LLC now owns 264,316 shares of the company’s stock worth $26,165,000 after purchasing an additional 18,040 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

(Get Free Report)

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.

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