Granahan Investment Management LLC Has $13.95 Million Position in SharkNinja, Inc. $SN

Granahan Investment Management LLC boosted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,738 shares of the company’s stock after acquiring an additional 18,875 shares during the period. Granahan Investment Management LLC’s holdings in SharkNinja were worth $13,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Parsifal Capital Management LP bought a new stake in shares of SharkNinja during the 3rd quarter valued at $111,773,000. Munro Partners increased its position in shares of SharkNinja by 2,371.9% in the fourth quarter. Munro Partners now owns 784,586 shares of the company’s stock worth $87,795,000 after purchasing an additional 752,846 shares during the period. Morgan Stanley increased its position in shares of SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after purchasing an additional 709,494 shares during the period. Evercore Wealth Management LLC acquired a new position in SharkNinja in the fourth quarter valued at about $60,164,000. Finally, Disciplined Growth Investors Inc. MN acquired a new position in SharkNinja in the second quarter valued at about $46,048,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SN shares. Guggenheim increased their price objective on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Wednesday, July 8th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Finally, TD Cowen lifted their price objective on shares of SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.80.

Insider Transactions at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 40.80% of the stock is currently owned by corporate insiders.

SharkNinja Stock Performance

SharkNinja stock opened at $148.69 on Friday. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $156.87. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $135.43 and its two-hundred day moving average price is $122.68. The stock has a market cap of $21.04 billion, a PE ratio of 29.98, a P/E/G ratio of 1.91 and a beta of 1.22.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, analysts expect that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.