Grabagun Digital (NYSE:PEW) Stock Price Up 3.1% - Still a Buy?

Key Points

• Grabagun Digital shares rose 3.1% on Thursday, trading as high as $3.10 and ending at $2.96 on volume that was more than double its daily average.
• Recent analyst sentiment remains weak, with Wall Street Zen downgrading the stock to “sell” and Weiss Ratings assigning a “sell (d)” rating; the overall average rating is also “Sell.”
• The company recently beat quarterly expectations, reporting EPS of $0.01 versus an expected loss and revenue of $29.62 million versus $27.80 million, though analysts still expect a full-year loss.

Grabagun Digital Holdings Inc. (NYSE:PEW - Get Free Report) shares rose 3.1% during trading on Thursday . The stock traded as high as $3.10 and last traded at $2.96. Approximately 540,740 shares changed hands during mid-day trading, an increase of 214% from the average daily volume of 172,468 shares. The stock had previously closed at $2.87.

Wall Street Analysts Forecast Growth

PEW has been the topic of several research reports. Wall Street Zen raised shares of Grabagun Digital from a "strong sell" rating to a "sell" rating in a research report on Saturday, April 11th. Weiss Ratings began coverage on shares of Grabagun Digital in a research report on Monday, March 16th. They issued a "sell (d)" rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

Grabagun Digital Price Performance

The firm has a market capitalization of $87.02 million, a price-to-earnings ratio of -26.91 and a beta of -0.08. The business's 50-day simple moving average is $2.94. 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 (NYSE:PEW - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $29.62 million during the quarter, compared to the consensus estimate of $27.80 million. Equities research analysts predict that Grabagun Digital Holdings Inc. will post -0.26 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Marc A. Nemati sold 10,016 shares of the firm's 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 completion of the transaction, the chief executive officer owned 2,523,317 shares of the company's stock, valued at approximately $7,115,753.94. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 28,209 shares of company stock valued at $80,856 over the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PEW. Quadrature Capital Ltd bought a new position in shares of Grabagun Digital in the 4th quarter valued at about $279,000. Bridgeway Capital Management LLC bought a new position in shares of Grabagun Digital in the 4th quarter valued at about $150,000. XTX Topco Ltd increased its holdings in shares of Grabagun Digital by 195.7% during the 4th 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 last quarter. United Asset Strategies Inc. acquired a new position in shares of Grabagun Digital during the 1st quarter worth approximately $47,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Grabagun Digital during the 4th quarter worth approximately $43,000. Institutional investors own 4.80% of the company's stock.

About Grabagun Digital

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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