Jump Financial LLC Invests $2.43 Million in SharkNinja, Inc. (NYSE:SN)

Jump Financial LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,552 shares of the company's stock, valued at approximately $2,433,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SN. Harvest Fund Management Co. Ltd purchased a new stake in SharkNinja during the third quarter valued at approximately $42,000. SG Americas Securities LLC acquired a new stake in shares of SharkNinja in the third quarter worth $185,000. Deuterium Capital Management LLC purchased a new stake in shares of SharkNinja in the fourth quarter worth about $256,000. Orion Portfolio Solutions LLC acquired a new position in SharkNinja in the 3rd quarter worth about $272,000. Finally, Victory Capital Management Inc. acquired a new position in SharkNinja during the third quarter worth $402,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Trading Down 2.0 %

SharkNinja stock traded down 1.46 during midday trading on Monday, hitting 70.38. 1,009,770 shares of the stock were exchanged, compared to its average volume of 1,010,496. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The stock's 50-day simple moving average is 61.86 and its 200 day simple moving average is 53.26. SharkNinja, Inc. has a fifty-two week low of 25.84 and a fifty-two week high of 72.57. The stock has a market capitalization of $9.79 billion and a price-to-earnings ratio of 52.05.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of 0.95 by 0.11. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. The business had revenue of 1.07 billion during the quarter, compared to the consensus estimate of 949.88 million. During the same quarter last year, the firm earned $0.86 EPS. The business's revenue was up 24.7% compared to the same quarter last year. On average, equities analysts anticipate that SharkNinja, Inc. will post 3.8 EPS for the current year.

Analyst Ratings Changes

SN has been the topic of several research analyst reports. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. initiated coverage on SharkNinja in a research note on Thursday, April 4th. They set an "overweight" rating and a $70.00 price objective for the company. UBS Group raised their target price on SharkNinja from $76.00 to $83.50 and gave the company a "buy" rating in a research report on Friday. Guggenheim assumed coverage on SharkNinja in a research report on Monday, February 5th. They set a "buy" rating and a $60.00 price target for the company. Finally, Morgan Stanley boosted their price target on shares of SharkNinja from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of 72.36.

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.