SharkNinja (NYSE:SN) Given New $145.00 Price Target at Bank of America

SharkNinja (NYSE:SN) had its target price lifted by analysts at Bank of America from $140.00 to $145.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 16.08% from the company’s previous close.

SN has been the topic of several other reports. Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their target price on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 16th. TD Cowen reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Finally, Guggenheim upped their price target on SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $137.67.

SharkNinja Trading Up 1.4%

Shares of SN stock traded up $1.75 during mid-day trading on Thursday, reaching $124.91. The company’s stock had a trading volume of 466,603 shares, compared to its average volume of 1,571,782. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $17.63 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 1.91 and a beta of 1.41. The company’s 50 day simple moving average is $109.20 and its 200-day simple moving average is $108.04. SharkNinja has a 12-month low of $60.50 and a 12-month high of $129.19.

Hedge Funds Weigh In On SharkNinja

Several institutional investors have recently made changes to their positions in SN. Geneos Wealth Management Inc. bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC increased its position in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the period. New York State Teachers Retirement System bought a new stake in SharkNinja in the second quarter valued at $43,000. Sunbelt Securities Inc. acquired a new position in shares of SharkNinja during the third quarter valued at $46,000. Finally, TFC Financial Management Inc. bought a new position in shares of SharkNinja during the third quarter worth about $55,000. 34.77% of the stock is owned by institutional investors.

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.