SharkNinja, Inc. (NYSE:SN) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 112.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after buying an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after acquiring an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $114,878,000. State Street Corp raised its position in shares of SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after acquiring an additional 101,020 shares in the last quarter. Finally, abrdn plc lifted its stake in SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company's stock worth $45,621,000 after purchasing an additional 63,299 shares during the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of SN traded up $2.34 during mid-day trading on Thursday, reaching $114.12. 934,375 shares of the company's stock traded hands, compared to its average volume of 896,152. SharkNinja, Inc. has a 12 month low of $47.84 and a 12 month high of $115.20. The stock has a market capitalization of $15.97 billion, a P/E ratio of 44.75, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The business's 50-day moving average price is $103.32 and its 200-day moving average price is $98.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

Analyst Upgrades and Downgrades

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

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.