Police & Firemen s Retirement System of New Jersey Takes Position in Sanuwave Health Inc. $SNWV

Police & Firemen s Retirement System of New Jersey bought a new position in shares of Sanuwave Health Inc. (NASDAQ:SNWV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,591 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC purchased a new stake in Sanuwave Health in the 2nd quarter valued at $5,184,000. Evernest Financial Advisors LLC purchased a new stake in shares of Sanuwave Health in the second quarter valued at about $823,000. Goldman Sachs Group Inc. acquired a new stake in shares of Sanuwave Health during the first quarter worth about $337,000. AWM Investment Company Inc. purchased a new position in shares of Sanuwave Health during the first quarter worth about $18,153,000. Finally, Solas Capital Management LLC acquired a new position in Sanuwave Health in the 1st quarter valued at about $20,658,000. Hedge funds and other institutional investors own 42.53% of the company’s stock.

Analyst Ratings Changes

SNWV has been the topic of several analyst reports. Wall Street Zen upgraded Sanuwave Health from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Northland Securities assumed coverage on shares of Sanuwave Health in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $55.00 price objective on the stock. Northland Capmk upgraded shares of Sanuwave Health to a “strong-buy” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sanuwave Health in a report on Wednesday, October 8th. Finally, Roth Capital set a $53.00 price target on shares of Sanuwave Health and gave the stock a “buy” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sanuwave Health presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Sanuwave Health Stock Performance

Shares of NASDAQ SNWV opened at $33.92 on Monday. Sanuwave Health Inc. has a one year low of $18.50 and a one year high of $46.58. The firm has a market capitalization of $290.90 million, a P/E ratio of -4.11 and a beta of 1.22. The company’s fifty day moving average is $32.84 and its two-hundred day moving average is $34.05.

Sanuwave Health (NASDAQ:SNWV) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. The company had revenue of $11.45 million during the quarter.

About Sanuwave Health

SANUWAVE Health, Inc, a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally. Its shockwaves are used to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, and musculoskeletal and vascular structures.