Jacobs Levy Equity Management Inc. Buys Shares of 163,974 SharkNinja, Inc. (NYSE:SN)

Jacobs Levy Equity Management Inc. bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 163,974 shares of the company's stock, valued at approximately $17,826,000. Jacobs Levy Equity Management Inc. owned about 0.12% of SharkNinja at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after acquiring an additional 182 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of SharkNinja during the 3rd quarter valued at about $54,000. Waldron Private Wealth LLC acquired a new stake in shares of SharkNinja during the 3rd quarter valued at about $65,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja during the 2nd quarter valued at about $70,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of SharkNinja during the 3rd quarter valued at about $163,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Bank of America raised their target price on SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. The Goldman Sachs Group raised their target price on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Morgan Stanley lifted their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Oppenheimer began coverage on SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.39.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $3.74 on Thursday, hitting $101.71. 2,000,145 shares of the company were exchanged, compared to its average volume of 1,217,105. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $103.41 and a 200 day moving average price of $90.31. SharkNinja, Inc. has a 1-year low of $45.85 and a 1-year high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.95 EPS. As a group, sell-side analysts predict that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

SharkNinja Profile

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.