Advantage Alpha Capital Partners LP Sells 6,670 Shares of SharkNinja, Inc. (NYSE:SN)

Advantage Alpha Capital Partners LP trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,751 shares of the company's stock after selling 6,670 shares during the quarter. SharkNinja makes up about 1.6% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 16th largest holding. Advantage Alpha Capital Partners LP's holdings in SharkNinja were worth $6,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new position in SharkNinja in the 3rd quarter valued at approximately $54,000. R Squared Ltd bought a new position in shares of SharkNinja during the fourth quarter valued at $55,000. Northwest & Ethical Investments L.P. acquired a new position in shares of SharkNinja during the third quarter worth $163,000. SG Americas Securities LLC bought a new stake in shares of SharkNinja in the fourth quarter worth $171,000. Finally, First Dallas Securities Inc. acquired a new stake in SharkNinja in the third quarter valued at $215,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Down 4.0 %

NYSE:SN traded down $3.63 during trading hours on Thursday, reaching $86.14. The company had a trading volume of 986,320 shares, compared to its average volume of 1,234,749. SharkNinja, Inc. has a twelve month low of $60.57 and a twelve month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 2.35 and a beta of 1.24. The business's 50-day simple moving average is $102.91 and its two-hundred day simple moving average is $102.51.

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SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.