Granahan Investment Management LLC Has $16.69 Million Stake in SharkNinja, Inc. (NYSE:SN)

Granahan Investment Management LLC lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,383 shares of the company's stock after purchasing an additional 18,558 shares during the quarter. Granahan Investment Management LLC owned about 0.12% of SharkNinja worth $16,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of SharkNinja in the fourth quarter valued at $47,000. R Squared Ltd acquired a new stake in shares of SharkNinja during the fourth quarter valued at $55,000. Covestor Ltd increased its position in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after purchasing an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new position in SharkNinja in the 4th quarter valued at about $171,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of SharkNinja during the fourth quarter worth about $209,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SN. Jefferies Financial Group raised 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. The Goldman Sachs Group upped their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Guggenheim decreased their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Oppenheimer lifted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Price Performance

Shares of NYSE SN traded down $0.55 during mid-day trading on Thursday, reaching $100.56. 589,125 shares of the company traded hands, compared to its average volume of 1,450,694. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The firm has a market cap of $14.11 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The stock has a fifty day simple moving average of $82.41 and a 200-day simple moving average 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 issued its quarterly earnings results 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 return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the business posted $1.06 EPS. SharkNinja's revenue was up 14.7% on a year-over-year basis. Equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

SharkNinja Company 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.