Jefferies Financial Group Inc. Sells 2,965 Shares of SharkNinja, Inc. (NYSE:SN)

Jefferies Financial Group Inc. lessened its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 31.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,525 shares of the company's stock after selling 2,965 shares during the period. Jefferies Financial Group Inc.'s holdings in SharkNinja were worth $544,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SN. Vanguard Group Inc. lifted its stake in shares of SharkNinja by 6.3% in the fourth quarter. Vanguard Group Inc. now owns 159,888 shares of the company's stock worth $15,567,000 after acquiring an additional 9,484 shares during the period. Geode Capital Management LLC lifted its stake in SharkNinja by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 404,874 shares of the company's stock valued at $39,419,000 after buying an additional 37,466 shares during the period. Wells Fargo & Company MN lifted its stake in SharkNinja by 14.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,944 shares of the company's stock valued at $968,000 after buying an additional 1,280 shares during the period. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in SharkNinja in the fourth quarter valued at approximately $376,000. Finally, Envestnet Asset Management Inc. lifted its stake in SharkNinja by 28.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,552 shares of the company's stock valued at $1,806,000 after buying an additional 4,160 shares during the period. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SN has been the subject of a number of analyst reports. Morgan Stanley increased their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group increased their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Guggenheim reduced their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Canaccord Genuity Group raised their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $129.13.

SharkNinja Stock Performance

Shares of SN opened at $113.90 on Thursday. The business has a fifty day moving average of $102.61 and a 200 day moving average of $96.49. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The firm has a market capitalization of $16.06 billion, a P/E ratio of 36.04, a PEG ratio of 2.23 and a beta of 1.69.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. SharkNinja's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.

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