SharkNinja, Inc. $SN Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC significantly reduced its stake in SharkNinja, Inc. by 94.1% in the first quarter, owning only 6,514 shares worth approximately $543,000 after selling 103,800 shares.
• SharkNinja reported earnings per share of $0.97 for the most recent quarter, surpassing the consensus estimate of $0.78, and a revenue of $1.44 billion, which was above estimates as well.
• Equities analysts have raised target prices for SharkNinja stock, with estimates ranging up to $175.00, indicating a positive outlook for the company's shares.

Jump Financial LLC lessened its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 94.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,514 shares of the company's stock after selling 103,800 shares during the period. Jump Financial LLC's holdings in SharkNinja were worth $543,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares during the last quarter. Harbour Investments Inc. lifted its holdings in SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after buying an additional 406 shares during the last quarter. SVB Wealth LLC bought a new position in SharkNinja during the 1st quarter worth approximately $36,000. Continuum Advisory LLC lifted its holdings in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock worth $105,000 after buying an additional 616 shares during the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

SN traded up $1.68 during trading hours on Thursday, hitting $119.67. The company's stock had a trading volume of 530,565 shares, compared to its average volume of 1,644,005. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $16.89 billion, a PE ratio of 32.66, a PEG ratio of 2.22 and a beta of 1.68. The company has a 50-day simple moving average of $113.83 and a 200 day simple moving average of $97.36.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the firm earned $0.71 EPS. The firm'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, sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on SN. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Canaccord Genuity Group increased 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. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target 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.