SharkNinja, Inc. (NYSE:SN) Receives $137.67 Consensus Price Target from Brokerages

SharkNinja, Inc. (NYSE:SN) has received an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $137.6667.

Several research firms recently weighed in on SN. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Bank of America upped their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Oppenheimer increased their price target on shares of SharkNinja from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Finally, Guggenheim upped their price objective on shares of SharkNinja from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th.

Institutional Inflows and Outflows

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

SharkNinja Price Performance

Shares of NYSE:SN opened at $113.17 on Friday. The company’s fifty day moving average is $115.92 and its two-hundred day moving average is $108.77. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. SharkNinja has a 12-month low of $60.50 and a 12-month high of $129.19. The company has a market cap of $15.97 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.41.

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.