SharkNinja, Inc. $SN Shares Acquired by Jacobs Levy Equity Management Inc.

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

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. Harbour Investments Inc. grew its position in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after acquiring an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new position in SharkNinja in the 1st quarter valued at about $36,000. Continuum Advisory LLC grew its position in SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after acquiring an additional 550 shares in the last quarter. Finally, Covestor Ltd grew its position in SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after acquiring an additional 616 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

SN traded down $1.16 on Friday, reaching $114.38. The company had a trading volume of 220,561 shares, compared to its average volume of 1,624,432. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The stock has a market capitalization of $16.14 billion, a PE ratio of 31.24, a P/E/G ratio of 2.20 and a beta of 1.68. The stock has a 50-day moving average price of $115.77 and a 200-day moving average price of $97.71.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on SN. Guggenheim reaffirmed a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research report on Monday, June 30th. Oppenheimer boosted their price objective on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $131.86.

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.