SharkNinja (NYSE:SN) Research Coverage Started at TD Cowen

TD Cowen assumed coverage on shares of SharkNinja (NYSE:SN) in a research note published on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating and a $135.00 price objective on the stock.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $110.00 target price on shares of SharkNinja in a research note on Monday, October 27th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Canaccord Genuity Group raised their price objective on shares of SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.50.

SharkNinja Stock Performance

NYSE:SN opened at $112.73 on Wednesday. The company has a market capitalization of $15.91 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.07 and a beta of 1.46. The business has a fifty day simple moving average of $94.77 and a two-hundred day simple moving average of $103.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. SharkNinja has a 1 year low of $60.50 and a 1 year high of $128.51.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in SharkNinja in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC grew its position in shares of SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. SVB Wealth LLC bought a new position in shares of SharkNinja in the first quarter worth $36,000. New York State Teachers Retirement System bought a new position in shares of SharkNinja in the second quarter worth $43,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of SharkNinja in the third quarter worth $46,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.