Grabagun Digital (NYSE:PEW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Grabagun Digital (NYSE:PEW) from a strong sell rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings assumed coverage on Grabagun Digital in a report on Monday, March 16th. They set a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Grabagun Digital Stock Down 0.9%

Shares of NYSE:PEW opened at $2.88 on Friday. Grabagun Digital has a 52-week low of $2.55 and a 52-week high of $21.40. The stock has a market capitalization of $84.84 million, a PE ratio of -26.14 and a beta of -0.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 6.69 and a current ratio of 7.19. The business has a 50-day moving average price of $2.91.

Grabagun Digital (NYSE:PEW) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $29.62 million during the quarter, compared to analysts’ expectations of $27.80 million.

Insider Buying and Selling

In related news, CEO Marc A. Nemati sold 10,016 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $2.82, for a total transaction of $28,245.12. Following the sale, the chief executive officer directly owned 2,523,317 shares of the company’s stock, valued at $7,115,753.94. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 20,040 shares of company stock worth $56,513 over the last quarter.

Institutional Trading of Grabagun Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in Grabagun Digital during the fourth quarter worth about $43,000. XTX Topco Ltd grew its holdings in Grabagun Digital by 195.7% during the fourth quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock worth $188,000 after acquiring an additional 41,335 shares during the period. Quadrature Capital Ltd acquired a new stake in Grabagun Digital during the fourth quarter worth about $279,000. Engineers Gate Manager LP acquired a new stake in Grabagun Digital in the fourth quarter valued at approximately $32,000. Finally, Bridgeway Capital Management LLC acquired a new stake in Grabagun Digital in the fourth quarter valued at approximately $150,000. 4.80% of the stock is owned by institutional investors and hedge funds.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.