Outdoor (NASDAQ:POWW) Given New $2.00 Price Target at Lake Street Capital

Outdoor (NASDAQ:POWW - Free Report) had its target price lowered by Lake Street Capital from $3.00 to $2.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Wall Street Zen cut Outdoor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

Outdoor Stock Performance

Shares of Outdoor stock traded up $0.01 on Monday, reaching $1.30. 263,709 shares of the stock were exchanged, compared to its average volume of 726,511. The firm's 50 day moving average is $1.66 and its 200-day moving average is $1.50. The firm has a market cap of $151.85 million, a PE ratio of -2.83 and a beta of 1.16. Outdoor has a one year low of $0.95 and a one year high of $2.14.

Hedge Funds Weigh In On Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in POWW. Voya Investment Management LLC boosted its holdings in shares of Outdoor by 6.1% during the 4th quarter. Voya Investment Management LLC now owns 123,566 shares of the company's stock valued at $136,000 after acquiring an additional 7,148 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Outdoor by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 25,262 shares of the company's stock valued at $28,000 after buying an additional 8,312 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Outdoor by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 254,806 shares of the company's stock worth $352,000 after purchasing an additional 8,825 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Outdoor by 0.7% during the fourth quarter. First Eagle Investment Management LLC now owns 1,508,870 shares of the company's stock valued at $1,660,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Outdoor by 5.4% during the first quarter. Invesco Ltd. now owns 193,963 shares of the company's stock worth $268,000 after purchasing an additional 10,010 shares during the period. Institutional investors own 26.40% of the company's stock.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.