Driehaus Capital Management LLC Sells 6,643 Shares of SharkNinja, Inc. $SN

Key Points

• Driehaus Capital Management LLC reduced its stake in SharkNinja, Inc. by 3.6%, holding approximately 179,483 shares valued at $14.97 million after selling 6,643 shares.
• SharkNinja reported strong earnings with $0.97 EPS, surpassing estimates of $0.78 and generating revenues of $1.44 billion, marking a 15.7% year-over-year increase.
• Analysts have updated their outlook, with Zacks upgrading its rating to strong-buy, and several firms adjusting price targets, averaging around $131.86.

Driehaus Capital Management LLC reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,483 shares of the company's stock after selling 6,643 shares during the period. Driehaus Capital Management LLC owned about 0.13% of SharkNinja worth $14,971,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC grew its holdings in SharkNinja by 27.1% during the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after purchasing an additional 47,339 shares during the period. Encompass More Asset Management lifted its position in shares of SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after buying an additional 2,209 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the period. Lisanti Capital Growth LLC purchased a new stake in SharkNinja in the 1st quarter worth approximately $350,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in SharkNinja by 504.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock worth $209,000 after acquiring an additional 2,088 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Down 0.1%

Shares of NYSE:SN traded down $0.08 during trading on Tuesday, reaching $116.88. The company's stock had a trading volume of 1,225,165 shares, compared to its average volume of 1,653,888. The stock has a market capitalization of $16.50 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.68. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $112.90 and its two-hundred day simple moving average is $97.08.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SN shares. Guggenheim reissued a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SharkNinja has a consensus rating of "Buy" and an average price target of $131.86.

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.