Advantage Alpha Capital Partners LP Sells 50,778 Shares of SharkNinja, Inc. (NYSE:SN)

Advantage Alpha Capital Partners LP decreased its holdings in SharkNinja, Inc. (NYSE:SN) by 39.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 76,421 shares of the company’s stock after selling 50,778 shares during the quarter. SharkNinja accounts for 1.9% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 4th biggest holding. Advantage Alpha Capital Partners LP’s holdings in SharkNinja were worth $8,306,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in SharkNinja by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock worth $3,472,000 after acquiring an additional 4,411 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in SharkNinja in the 1st quarter worth about $494,000. Janus Henderson Group PLC grew its position in SharkNinja by 912.8% in the 1st quarter. Janus Henderson Group PLC now owns 154,486 shares of the company’s stock worth $9,623,000 after purchasing an additional 139,232 shares in the last quarter. Woodson Capital Management LP purchased a new stake in SharkNinja in the 1st quarter valued at about $13,455,000. Finally, Boston Partners lifted its position in shares of SharkNinja by 22.5% during the 1st quarter. Boston Partners now owns 156,316 shares of the company’s stock worth $9,738,000 after buying an additional 28,690 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SN stock opened at $102.72 on Tuesday. The firm’s 50 day moving average is $104.29 and its 200 day moving average is $88.99. The stock has a market capitalization of $14.37 billion, a P/E ratio of 40.28, a PEG ratio of 1.62 and a beta of 1.04. SharkNinja, Inc. has a 12 month low of $45.35 and a 12 month high of $112.93. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on SN. Jefferies Financial Group upped their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their target price on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.