SharkNinja, Inc. (NYSE:SN) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 69.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,684 shares of the company's stock after selling 114,290 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in SharkNinja were worth $4,837,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in SharkNinja by 117.4% during the third quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after buying an additional 4,533 shares in the last quarter. Oak Thistle LLC purchased a new stake in SharkNinja during the fourth quarter worth $353,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SharkNinja by 81.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,108 shares of the company's stock worth $1,568,000 after buying an additional 7,227 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in SharkNinja during the fourth quarter worth $8,170,000. Finally, Artemis Investment Management LLP boosted its holdings in SharkNinja by 74.2% during the fourth quarter. Artemis Investment Management LLP now owns 390,757 shares of the company's stock worth $38,044,000 after buying an additional 166,392 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Guggenheim reduced their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley upped their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Price Performance

Shares of NYSE SN traded down $0.04 during mid-day trading on Tuesday, reaching $101.11. The company's stock had a trading volume of 110,140 shares, compared to its average volume of 1,447,589. The stock has a 50-day moving average of $83.14 and a two-hundred day moving average of $95.74. The stock has a market capitalization of $14.26 billion, a P/E ratio of 32.53, a P/E/G ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the business earned $1.06 earnings per share. SharkNinja's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.