Granahan Investment Management LLC Has $14.66 Million Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Granahan Investment Management LLC increased its stake in SharkNinja, Inc. by 2.5%, owning 175,694 shares valued at approximately $14.7 million as of the last reporting period.
• SharkNinja's stock recently rose by 2.9%, with a current price of $121.41, while analysts have issued a consensus rating of "Buy" and a price target of $131.86.
• The company reported a quarterly EPS of $0.97, exceeding expectations, and set FY 2025 guidance at 5.000-5.100 EPS.

Granahan Investment Management LLC boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,694 shares of the company's stock after acquiring an additional 4,311 shares during the period. Granahan Investment Management LLC owned about 0.13% of SharkNinja worth $14,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its stake in SharkNinja by 11.7% in the 4th quarter. Stifel Financial Corp now owns 5,352 shares of the company's stock worth $521,000 after purchasing an additional 562 shares in the last quarter. Northern Trust Corp increased its holdings in shares of SharkNinja by 14.5% during the 4th quarter. Northern Trust Corp now owns 131,285 shares of the company's stock valued at $12,782,000 after purchasing an additional 16,607 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in shares of SharkNinja by 164.4% during the 4th quarter. Driehaus Capital Management LLC now owns 186,126 shares of the company's stock valued at $18,121,000 after purchasing an additional 115,724 shares in the last quarter. Deutsche Bank AG increased its holdings in SharkNinja by 35.3% in the 4th quarter. Deutsche Bank AG now owns 393,084 shares of the company's stock worth $38,271,000 after acquiring an additional 102,495 shares in the last quarter. Finally, Greenvale Capital LLP purchased a new stake in shares of SharkNinja during the fourth quarter worth $73,020,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SharkNinja stock traded up $1.14 during mid-day trading on Wednesday, hitting $116.42. 194,638 shares of the company were exchanged, compared to its average volume of 1,633,630. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a market capitalization of $16.43 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 2.18 and a beta of 1.68. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $115.42 and a 200 day moving average of $97.50.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $0.71 EPS. The firm's revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SN shares. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Guggenheim reaffirmed a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, SharkNinja presently has an average rating of "Buy" and a consensus 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.