Jacobs Levy Equity Management Inc. Boosts Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in SharkNinja, Inc. by 185.6% during Q1, now holding 141,919 shares valued at approximately $11.84 million.
• SharkNinja reported a quarterly earnings per share of $0.97, exceeding analysts' expectations of $0.78, with revenues of $1.44 billion.
• Wall Street analysts maintain a positive outlook for SharkNinja, with an average rating of "Buy" and a consensus target price of $131.86.

Jacobs Levy Equity Management Inc. grew its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 185.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,919 shares of the company's stock after acquiring an additional 92,235 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.10% of SharkNinja worth $11,837,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Granahan Investment Management LLC lifted its holdings in SharkNinja by 2.5% during the 1st quarter. Granahan Investment Management LLC now owns 175,694 shares of the company's stock worth $14,655,000 after buying an additional 4,311 shares during the last quarter. Boothbay Fund Management LLC boosted its position in SharkNinja by 300.1% during the first quarter. Boothbay Fund Management LLC now owns 104,068 shares of the company's stock valued at $8,680,000 after purchasing an additional 78,060 shares during the last quarter. Bwcp LP bought a new position in SharkNinja during the first quarter valued at about $16,760,000. Alua Capital Management LP increased its stake in shares of SharkNinja by 21.8% in the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company's stock worth $105,883,000 after purchasing an additional 226,944 shares during the period. Finally, Maverick Capital Ltd. increased its stake in SharkNinja by 76.4% during the first quarter. Maverick Capital Ltd. now owns 5,947 shares of the company's stock valued at $496,000 after acquiring an additional 2,576 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Trading Up 0.1%

Shares of NYSE:SN traded up $0.09 on Thursday, hitting $116.13. The company had a trading volume of 477,988 shares, compared to its average volume of 1,630,186. The firm's 50-day simple moving average is $115.61 and its two-hundred day simple moving average is $97.62. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 2.19 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. SharkNinja's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Oppenheimer raised their target price on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $131.86.

SharkNinja Company 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.