Janney Montgomery Scott LLC Acquires 5,790 Shares of SharkNinja, Inc. (NYSE:SN)

Janney Montgomery Scott LLC raised its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 112.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,953 shares of the company’s stock after purchasing an additional 5,790 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SharkNinja were worth $1,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Artemis Investment Management LLP bought a new position in SharkNinja during the 3rd quarter worth $24,391,000. Thurston Springer Miller Herd & Titak Inc. increased its position in SharkNinja by 14.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,881 shares of the company’s stock worth $965,000 after acquiring an additional 1,126 shares during the period. NBC Securities Inc. increased its position in SharkNinja by 4,000.0% during the third quarter. NBC Securities Inc. now owns 6,150 shares of the company’s stock worth $668,000 after acquiring an additional 6,000 shares during the period. Seven Grand Managers LLC raised its stake in SharkNinja by 150.0% in the 3rd quarter. Seven Grand Managers LLC now owns 125,000 shares of the company’s stock worth $13,589,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Fortis Group Advisors LLC boosted its holdings in SharkNinja by 11.4% in the 3rd quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock valued at $1,043,000 after purchasing an additional 980 shares during the period. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SN has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their price target on SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped 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 equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average target price of $117.28.

SharkNinja Price Performance

Shares of SN stock opened at $111.85 on Thursday. The business has a fifty day simple moving average of $103.04 and a 200 day simple moving average of $98.88. The company has a market cap of $15.65 billion, a P/E ratio of 43.86, a P/E/G ratio of 1.59 and a beta of 1.13. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a twelve month low of $47.42 and a twelve month high of $115.20.

About SharkNinja

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.