Jacobs Levy Equity Management Inc. Sells 114,290 Shares of SharkNinja, Inc. (NYSE:SN)

Jacobs Levy Equity Management Inc. decreased its position in shares of SharkNinja, Inc. (NYSE:SN) by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,684 shares of the company’s stock after selling 114,290 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in SharkNinja were worth $4,837,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. Norges Bank bought a new stake in shares of SharkNinja in the 4th quarter valued at $100,845,000. Palestra Capital Management LLC increased its stake in shares of SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock valued at $173,377,000 after acquiring an additional 809,960 shares in the last quarter. Finally, Greenvale Capital LLP bought a new stake in shares of SharkNinja in the 4th quarter valued at $73,020,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE SN opened at $100.69 on Thursday. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.35 and a beta of 1.68. The company has a fifty day moving average price of $82.41 and a 200-day moving average price of $95.87.

SharkNinja (NYSE:SN) last posted its earnings results 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 analyst estimates of $1.17 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SN has been the subject of several research analyst reports. Guggenheim lowered their price objective on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, May 9th. 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. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Oppenheimer lifted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.50.

About SharkNinja

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.