Jump Financial LLC Makes New $2.43 Million Investment in SharkNinja, Inc. (NYSE:SN)

Jump Financial LLC bought a new position in SharkNinja, Inc. (NYSE:SNFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 47,552 shares of the company’s stock, valued at approximately $2,433,000.

Several other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of SharkNinja during the third quarter valued at $185,000. Bank of New York Mellon Corp acquired a new position in SharkNinja during the third quarter worth about $414,000. Allspring Global Investments Holdings LLC acquired a new position in SharkNinja during the third quarter worth about $1,929,000. Orion Portfolio Solutions LLC acquired a new position in SharkNinja during the third quarter worth about $272,000. Finally, Victory Capital Management Inc. acquired a new position in SharkNinja during the third quarter worth about $402,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Down 2.2 %

NYSE:SN traded down 1.60 on Monday, hitting 70.24. 326,494 shares of the company’s stock traded hands, compared to its average volume of 1,002,913. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. SharkNinja, Inc. has a 1 year low of 25.84 and a 1 year high of 72.57. The firm has a 50-day moving average price of 61.86 and a 200-day moving average price of 53.26. The company has a market cap of $9.77 billion and a PE ratio of 52.05.

SharkNinja (NYSE:SNGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported 1.06 EPS for the quarter, beating the consensus estimate of 0.95 by 0.11. The business had revenue of 1.07 billion during the quarter, compared to analysts’ expectations of 949.88 million. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 3.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SN. Guggenheim began coverage on SharkNinja in a report on Monday, February 5th. They set a “buy” rating and a $60.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on SharkNinja in a research note on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price target on the stock. The Goldman Sachs Group lifted their price target on SharkNinja from $74.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday. UBS Group lifted their price target on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley lifted their price target on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of 72.36.

Check Out Our Latest Report on SharkNinja

About SharkNinja

(Free Report)

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.

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Institutional Ownership by Quarter for SharkNinja (NYSE:SN)

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