Safety Shot (NASDAQ:SHOT) Rating Increased to Hold at Wall Street Zen

Key Points

• Safety Shot has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a potential shift in investor sentiment.
• Shares of Safety Shot (NASDAQ:SHOT) increased by 5.9% on the news, with the stock currently priced at $0.65.
• Institutional investors have shown increased interest, with notable position raises by firms such as Tyche Wealth Partners LLC and Jane Street Group LLC, indicating growing confidence in the company's prospects.

Wall Street Zen upgraded shares of Safety Shot (NASDAQ:SHOT - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

Safety Shot Trading Down 1.4%

SHOT stock traded down $0.0071 during midday trading on Friday, reaching $0.4864. 2,652,323 shares of the company's stock traded hands, compared to its average volume of 11,190,213. The company has a 50-day simple moving average of $0.55 and a two-hundred day simple moving average of $0.48. Safety Shot has a 1-year low of $0.23 and a 1-year high of $1.77.

Safety Shot (NASDAQ:SHOT - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $0.45 million during the quarter.

Institutional Investors Weigh In On Safety Shot

Several hedge funds and other institutional investors have recently made changes to their positions in SHOT. XTX Topco Ltd acquired a new stake in shares of Safety Shot in the 1st quarter valued at $59,000. Jane Street Group LLC increased its stake in shares of Safety Shot by 397.7% in the 4th quarter. Jane Street Group LLC now owns 102,267 shares of the company's stock valued at $74,000 after buying an additional 81,720 shares during the period. Geode Capital Management LLC increased its stake in shares of Safety Shot by 13.3% in the 4th quarter. Geode Capital Management LLC now owns 491,743 shares of the company's stock valued at $354,000 after buying an additional 57,876 shares during the period. Finally, Tyche Wealth Partners LLC increased its stake in shares of Safety Shot by 142.9% in the 2nd quarter. Tyche Wealth Partners LLC now owns 85,000 shares of the company's stock valued at $28,000 after buying an additional 50,000 shares during the period. 12.55% of the stock is owned by institutional investors and hedge funds.

About Safety Shot

Safety Shot, Inc, a wellness and functional beverage company, researches and develops over-the-counter products and intellectual property. The company offers Safety Shot Beverage, an over-the-counter drink that lowers blood alcohol content. It also develops Photocil to address psoriasis and vitiligo; JW-700 to treat hair loss; JW-500 for women's sexual wellness; and NoStingz, a jellyfish sting prevention sunscreen.