Jump Financial LLC Purchases 68,058 Shares of SharkNinja, Inc. (NYSE:SN)

Jump Financial LLC raised its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 161.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,314 shares of the company's stock after buying an additional 68,058 shares during the period. Jump Financial LLC owned about 0.08% of SharkNinja worth $10,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its stake in shares of SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after buying an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC boosted its stake in SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after acquiring an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC grew its holdings in SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares during the period. Baillie Gifford & Co. increased its stake in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after purchasing an additional 604,559 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in SharkNinja by 24.3% during the fourth quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock worth $110,783,000 after acquiring an additional 222,377 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

SN has been the subject of a number of research reports. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $119.28.

SharkNinja Stock Up 0.8 %

Shares of NYSE:SN traded up $0.59 during midday trading on Friday, reaching $74.25. The company had a trading volume of 1,342,375 shares, compared to its average volume of 1,393,850. The stock has a market cap of $10.42 billion, a PE ratio of 23.87, a P/E/G ratio of 2.35 and a beta of 1.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The business's 50 day moving average price is $89.53 and its 200 day moving average price is $98.79.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.