Advantage Alpha Capital Partners LP Sells 8,880 Shares of SharkNinja, Inc. $SN

Advantage Alpha Capital Partners LP lessened its stake in shares of SharkNinja, Inc. (NYSE:SN) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,899 shares of the company’s stock after selling 8,880 shares during the period. SharkNinja accounts for approximately 1.4% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 10th biggest position. Advantage Alpha Capital Partners LP’s holdings in SharkNinja were worth $5,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbour Investments Inc. increased its stake in SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after buying an additional 406 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of SharkNinja in the second quarter worth approximately $43,000. SVB Wealth LLC purchased a new stake in shares of SharkNinja during the first quarter worth approximately $36,000. CWM LLC raised its stake in SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after purchasing an additional 683 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in SharkNinja by 246.7% in the 2nd quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock valued at $119,000 after purchasing an additional 856 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Morgan Stanley set a $110.00 price objective on shares of SharkNinja in a report on Monday, October 27th. Guggenheim restated a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Finally, Weiss Ratings cut SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

SharkNinja Stock Performance

NYSE:SN opened at $96.20 on Friday. The company’s 50-day moving average is $94.39 and its two-hundred day moving average is $102.44. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.74 and a beta of 1.51.

SharkNinja Company 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.