Jefferies Financial Group Inc. Makes New $924,000 Investment in SharkNinja, Inc. (NYSE:SN)

Jefferies Financial Group Inc. bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,490 shares of the company's stock, valued at approximately $924,000.

Other large investors have also recently modified their holdings of the company. Granahan Investment Management LLC increased its position in SharkNinja by 12.1% in the 4th quarter. Granahan Investment Management LLC now owns 171,383 shares of the company's stock valued at $16,686,000 after acquiring an additional 18,558 shares during the period. Greenvale Capital LLP acquired a new position in shares of SharkNinja during the fourth quarter worth approximately $73,020,000. Deutsche Bank AG raised its holdings in SharkNinja by 35.3% during the fourth quarter. Deutsche Bank AG now owns 393,084 shares of the company's stock worth $38,271,000 after buying an additional 102,495 shares during the last quarter. Driehaus Capital Management LLC lifted its position in SharkNinja by 164.4% in the 4th quarter. Driehaus Capital Management LLC now owns 186,126 shares of the company's stock valued at $18,121,000 after acquiring an additional 115,724 shares in the last quarter. Finally, Dorsal Capital Management LP bought a new position in SharkNinja in the 4th quarter valued at about $16,015,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Oppenheimer raised their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Guggenheim dropped their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price target 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, SharkNinja has an average rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Price Performance

Shares of SN stock traded down $1.13 during trading hours on Monday, hitting $100.95. 1,264,450 shares of the company's stock were exchanged, compared to its average volume of 1,452,819. The company has a market capitalization of $14.24 billion, a PE ratio of 32.46, a PEG ratio of 2.35 and a beta of 1.68. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The business's 50 day simple moving average is $82.95 and its 200-day simple moving average is $95.66.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the company earned $1.06 EPS. The firm'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 earnings per share for the current 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.