Driehaus Capital Management LLC Increases Holdings in SharkNinja, Inc. (NYSE:SN)

Driehaus Capital Management LLC boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 164.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,126 shares of the company's stock after purchasing an additional 115,724 shares during the period. Driehaus Capital Management LLC owned about 0.13% of SharkNinja worth $18,121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the period. HighTower Advisors LLC increased its holdings in SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC increased its holdings in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares during the period. Baillie Gifford & Co. boosted its position in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after acquiring an additional 604,559 shares in the last quarter. Finally, Palestra Capital Management LLC boosted its position in SharkNinja by 83.4% during 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. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

SN has been the topic of several research reports. Canaccord Genuity Group lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday. Jefferies Financial Group lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Guggenheim dropped their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Oppenheimer boosted their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Stock Up 7.2%

NYSE SN traded up $6.61 during mid-day trading on Monday, reaching $98.86. The stock had a trading volume of 3,006,175 shares, compared to its average volume of 1,442,174. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The stock has a market cap of $13.87 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The company has a fifty day moving average price of $81.92 and a 200 day moving average price of $95.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business earned $1.06 EPS. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts expect 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.