Advantage Alpha Capital Partners LP Decreases Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Advantage Alpha Capital Partners LP decreased its position in shares of SharkNinja, Inc. (NYSE:SN) by 39.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,421 shares of the company’s stock after selling 50,778 shares during the quarter. SharkNinja accounts for approximately 1.9% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 4th largest position. Advantage Alpha Capital Partners LP owned 0.05% of SharkNinja worth $8,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new position in SharkNinja in the third quarter valued at about $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja during the third quarter worth about $65,000. Picton Mahoney Asset Management bought a new position in shares of SharkNinja in the second quarter worth about $70,000. Finally, Kessler Investment Group LLC bought a new position in shares of SharkNinja in the second quarter worth about $125,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE SN opened at $102.72 on Tuesday. SharkNinja, Inc. has a twelve month low of $45.35 and a twelve month high of $112.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $104.29 and a 200 day simple moving average of $88.99. The company has a market capitalization of $14.37 billion, a PE ratio of 40.28, a P/E/G ratio of 1.62 and a beta of 1.04.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. On average, sell-side analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

SN has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. JPMorgan Chase & Co. cut their price objective on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Finally, Bank of America lifted their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.85.

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.