Grabagun Digital (NYSE:PEW) Rating Increased to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded its rating on Grabagun Digital from "strong sell" to Sell, and Weiss Ratings also initiated coverage with a sell rating, leaving the consensus analyst view as Sell.
• The company reported quarterly EPS of $0.01 (beating the -$0.01 estimate) and revenue of $29.62 million (beating $27.8M), while shares trade around $2.88 with a market cap of about $85 million, a negative P/E (-26.22), and a 52-week range of $2.55–$21.40.
• CEO Marc A. Nemati sold 10,016 shares in February and insiders have sold 20,040 shares in the past 90 days; institutional ownership is low at about 4.8%, though several funds recently initiated small positions.

Grabagun Digital (NYSE:PEW - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Saturday.

Separately, Weiss Ratings initiated coverage on shares of Grabagun Digital in a report on Monday, March 16th. They set a "sell (d)" rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

Grabagun Digital Price Performance

Shares of PEW stock opened at $2.88 on Friday. The company has a market cap of $85.11 million, a P/E ratio of -26.22 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. Grabagun Digital has a 52-week low of $2.55 and a 52-week high of $21.40.

Grabagun Digital (NYSE:PEW - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $29.62 million for the quarter, compared to analysts' expectations of $27.80 million.

Insider Transactions at Grabagun Digital

In other Grabagun Digital news, CEO Marc A. Nemati sold 10,016 shares of Grabagun Digital stock in a transaction on Friday, February 13th. The shares were sold at an average price of $2.82, for a total value of $28,245.12. Following the transaction, the chief executive officer directly owned 2,523,317 shares of the company's stock, valued at approximately $7,115,753.94. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 20,040 shares of company stock valued at $56,513 over the last 90 days.

Institutional Investors Weigh In On Grabagun Digital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC acquired a new position in Grabagun Digital during the fourth quarter valued at $150,000. Engineers Gate Manager LP acquired a new position in Grabagun Digital during the fourth quarter valued at $32,000. Quadrature Capital Ltd acquired a new position in Grabagun Digital during the fourth quarter valued at $279,000. XTX Topco Ltd lifted its position in Grabagun Digital by 195.7% during the fourth quarter. XTX Topco Ltd now owns 62,461 shares of the company's stock valued at $188,000 after purchasing an additional 41,335 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Grabagun Digital during the fourth quarter valued at $43,000. 4.80% of the stock is currently 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.

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