Grabagun Digital (NYSE:PEW) Stock Rating Cut to Strong Sell at Wall Street Zen

Grabagun Digital (NYSE:PEW) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also weighed in on PEW. Roth Capital cut their price objective on Grabagun Digital from $6.75 to $5.00 and set a “buy” rating for the company in a report on Monday, August 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grabagun Digital in a research note on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.00.

Grabagun Digital Price Performance

Shares of NYSE:PEW opened at $1.50 on Friday. The stock has a market cap of $44.12 million, a price-to-earnings ratio of -7.12 and a beta of -0.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 9.42 and a quick ratio of 8.61. Grabagun Digital has a 12 month low of $1.46 and a 12 month high of $4.02. The stock’s 50 day moving average price is $2.02 and its 200 day moving average price is $2.54.

Grabagun Digital (NYSE:PEW) last issued its quarterly earnings results on Thursday, November 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Grabagun Digital had a negative net margin of 6.28% and a negative return on equity of 6.00%. The firm had revenue of $21.23 million for the quarter. Equities research analysts anticipate that Grabagun Digital will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Grabagun Digital

In related news, CFO Justin C. Hilty sold 16,384 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total value of $36,864.00. Following the sale, the chief financial officer directly owned 74,517 shares in the company, valued at $167,663.25. The trade was a 18.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 22,549 shares of company stock valued at $48,269. 27.80% of the stock is owned by insiders.

Institutional Trading of Grabagun Digital

Large investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC grew its position in Grabagun Digital by 10.0% in the second quarter. SkyView Investment Advisors LLC now owns 100,086 shares of the company’s stock worth $228,000 after buying an additional 9,100 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Grabagun Digital by 62.1% during the 2nd quarter. Engineers Gate Manager LP now owns 37,274 shares of the company’s stock valued at $85,000 after acquiring an additional 14,277 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Grabagun Digital during the 1st quarter valued at $135,000. 4.80% of the stock is currently owned by institutional investors.

Grabagun Digital Company Profile

GrabAGun Digital Holdings operates GrabAGun.com, an e-commerce retailer of firearms and related products. Its offerings include guns, ammunition, optics, firearm parts and accessories, and hunting and outdoor gear. The company sells to customers in the United States through its online platform. Firearm purchases and delivery are subject to applicable laws and regulations, including requirements for transfers through licensed dealers. GrabAGun’s business traces its roots to the launch of GrabAGun.com in 2010.