Advantage Alpha Capital Partners LP Has $5.24 Million Position in SharkNinja, Inc. $SN

Advantage Alpha Capital Partners LP lowered its stake in shares of SharkNinja, Inc. (NYSE:SN) by 10.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 62,779 shares of the company’s stock after selling 6,972 shares during the quarter. SharkNinja accounts for about 1.3% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 25th largest holding. Advantage Alpha Capital Partners LP’s holdings in SharkNinja were worth $5,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after buying an additional 155 shares in the last quarter. Harbour Investments Inc. lifted its stake in SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares during the last quarter. Quarry LP bought a new stake in SharkNinja during the fourth quarter worth $47,000. Continuum Advisory LLC lifted its stake in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after purchasing an additional 550 shares during the last quarter. Finally, Covestor Ltd lifted its stake in SharkNinja by 96.0% during the first quarter. Covestor Ltd now owns 1,258 shares of the company’s stock worth $105,000 after purchasing an additional 616 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SN shares. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research note on Monday, June 30th. Oppenheimer upped their target price on SharkNinja from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Morgan Stanley upped their target price on SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their target price on SharkNinja from $108.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Finally, Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $131.86.

SharkNinja Stock Down 3.2%

Shares of SN opened at $115.7260 on Friday. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 2.27 and a beta of 1.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The stock has a fifty day moving average of $108.78 and a 200-day moving average of $97.01.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.71 EPS. SharkNinja’s revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.