Jump Financial LLC Grows Holdings in SharkNinja, Inc. (NYSE:SN)

Jump Financial LLC raised its position in shares of SharkNinja, Inc. (NYSE:SN) by 161.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,314 shares of the company’s stock after purchasing an additional 68,058 shares during the quarter. Jump Financial LLC’s holdings in SharkNinja were worth $10,740,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in shares of SharkNinja during the 4th quarter valued at $55,000. Covestor Ltd increased its stake in SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company’s stock worth $63,000 after buying an additional 475 shares in the last quarter. SG Americas Securities LLC bought a new stake in SharkNinja during the fourth quarter valued at about $171,000. World Investment Advisors LLC purchased a new position in shares of SharkNinja in the third quarter valued at about $244,000. Finally, F M Investments LLC bought a new position in shares of SharkNinja in the fourth quarter worth about $245,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

SharkNinja stock opened at $74.61 on Tuesday. The company’s 50-day moving average price is $92.53 and its 200-day moving average price is $99.68. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.47 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SN. Morgan Stanley boosted their price target on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group upped their target price 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.28.

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.