First Dallas Securities Inc. lowered its position in shares of SharkNinja, Inc. (NYSE:SN – Free Report) by 11.3% in the first quarter, HoldingsChannel.com reports. The firm owned 35,460 shares of the company’s stock after selling 4,500 shares during the quarter. SharkNinja comprises 1.4% of First Dallas Securities Inc.’s holdings, making the stock its 17th largest position. First Dallas Securities Inc.’s holdings in SharkNinja were worth $3,755,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SN. Wealth High Governance Capital Ltda acquired a new position in SharkNinja in the fourth quarter valued at approximately $17,072,000. Dorsal Capital Management LP raised its holdings in SharkNinja by 14.7% during the third quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock worth $100,571,000 after purchasing an additional 125,000 shares in the last quarter. Magnetar Financial LLC acquired a new stake in SharkNinja during the third quarter worth approximately $2,859,000. Alliancebernstein L.P. lifted its position in shares of SharkNinja by 13.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock worth $156,152,000 after buying an additional 176,104 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of SharkNinja by 23.8% during the 4th quarter. Strs Ohio now owns 201,795 shares of the company’s stock worth $22,581,000 after buying an additional 38,815 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.
Wall Street Analyst Weigh In
SN has been the topic of a number of recent analyst reports. National Bank Financial set a $145.00 target price on shares of SharkNinja in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler started coverage on SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. boosted their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.
Insider Buying and Selling
In other news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 40.80% of the company’s stock.
SharkNinja Stock Performance
Shares of SN opened at $151.55 on Friday. The company’s 50 day simple moving average is $124.04 and its 200-day simple moving average is $118.87. The firm has a market cap of $21.45 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $154.04. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25.
SharkNinja (NYSE:SN – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. SharkNinja’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts predict that SharkNinja, Inc. will post 5.74 EPS for the current year.
SharkNinja Profile
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.
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