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

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

Several other large investors have also recently bought and sold shares of the company. Stifel Financial Corp increased its stake in SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after buying an additional 139 shares during the period. Signaturefd LLC increased its position in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of SharkNinja during the third quarter worth $54,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in SharkNinja in the 3rd quarter valued at $54,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SN stock opened at $111.85 on Thursday. The stock 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 fifty day moving average price of $103.04 and a two-hundred day moving average price of $98.88. SharkNinja, Inc. has a one year low of $47.42 and a one year high of $115.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group upped their price target on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Canaccord Genuity Group lifted their price target on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.28.

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.