SharkNinja, Inc. (NYSE:SN) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP reduced its position in shares of SharkNinja, Inc. (NYSE:SN) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,751 shares of the company’s stock after selling 6,670 shares during the period. SharkNinja comprises approximately 1.6% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 16th largest holding. Advantage Alpha Capital Partners LP’s holdings in SharkNinja were worth $6,791,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its position in SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock valued at $521,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc increased its holdings in shares of SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after acquiring an additional 219 shares during the period. Avior Wealth Management LLC lifted its position in SharkNinja by 6.4% in the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock valued at $500,000 after purchasing an additional 310 shares during the last quarter. Assetmark Inc. boosted its stake in SharkNinja by 6.5% during the 4th quarter. Assetmark Inc. now owns 5,166 shares of the company’s stock valued at $503,000 after purchasing an additional 316 shares during the period. Finally, Xponance Inc. grew its position in SharkNinja by 11.3% in the 4th quarter. Xponance Inc. now owns 4,053 shares of the company’s stock worth $395,000 after purchasing an additional 411 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

SharkNinja stock opened at $87.95 on Monday. SharkNinja, Inc. has a fifty-two week low of $59.78 and a fifty-two week high of $123.00. The firm’s 50 day simple moving average is $103.78 and its 200-day simple moving average is $102.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market cap of $12.31 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

SN has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group increased their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley boosted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

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.