First Dallas Securities Inc. Has $2.27 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

First Dallas Securities Inc. grew its stake in shares of SharkNinja, Inc. (NYSE:SN) by 1,078.5% during the 4th quarter, Holdings Channel reports. The firm owned 23,275 shares of the company’s stock after buying an additional 21,300 shares during the period. SharkNinja comprises about 0.9% of First Dallas Securities Inc.’s investment portfolio, making the stock its 27th biggest position. First Dallas Securities Inc.’s holdings in SharkNinja were worth $2,266,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares during the period. Hollencrest Capital Management bought a new position in shares of SharkNinja during the 3rd quarter worth approximately $54,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the 3rd quarter worth approximately $54,000. R Squared Ltd bought a new stake in SharkNinja in the 4th quarter valued at $55,000. Finally, Waldron Private Wealth LLC bought a new stake in SharkNinja in the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

SharkNinja stock opened at $108.81 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a 52 week low of $47.29 and a 52 week high of $115.20. The stock has a market capitalization of $15.23 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The stock has a fifty day moving average of $102.67 and a 200-day moving average of $98.34.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SN shares. Morgan Stanley boosted their price target on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Guggenheim boosted their price target on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Jefferies Financial Group boosted their price target on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.28.

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.