Key Points
- CFO Justin Hilty sold 16,384 shares of Grabagun Digital at an average price of $2.25, worth $36,864, reducing his ownership by 18.02%. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards.
- Grabagun Digital shares opened at $2.30 and remain near their 12-month low of $2.22, with a market capitalization of approximately $67.9 million. The company reported quarterly revenue of $23.22 million and an adjusted loss of $0.06 per share, beating analysts’ expectations.
- Analyst sentiment is mixed: Roth Capital maintains a “buy” rating but lowered its price target to $5.00, while Weiss Ratings issued a “sell” rating. Overall, the stock carries a “hold” consensus with an average target price of $5.00.
Grabagun Digital Holdings Inc. (NYSE:PEW - Get Free Report) CFO Justin Hilty sold 16,384 shares of Grabagun Digital stock in a transaction 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 completion of the transaction, the chief financial officer owned 74,517 shares of the company's stock, valued at approximately $167,663.25. This trade represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.
Grabagun Digital Trading Up 1.3%
PEW opened at $2.30 on Friday. The business has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.72. 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 Holdings Inc. has a 12 month low of $2.22 and a 12 month high of $6.76. The stock has a market capitalization of $67.87 million, a price-to-earnings ratio of -10.00 and a beta of -0.08.
Grabagun Digital (NYSE:PEW - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. The company had revenue of $23.22 million for the quarter. Grabagun Digital had a negative return on equity of 6.15% and a negative net margin of 6.42%. Sell-side analysts expect that Grabagun Digital Holdings Inc. will post -0.22 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PEW. Roth Capital decreased their price target on shares of Grabagun Digital from $6.75 to $5.00 and set a "buy" rating for the company in a research note on Monday, August 24th. Weiss Ratings reissued a "sell (d)" rating on shares of Grabagun Digital in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.00.
View Our Latest Stock Report on Grabagun Digital
Institutional Investors Weigh In On Grabagun Digital
Institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new position in Grabagun Digital in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in Grabagun Digital during the fourth quarter worth approximately $43,000. United Asset Strategies Inc. purchased a new stake in shares of Grabagun Digital during the 1st quarter worth approximately $47,000. Renaissance Technologies LLC acquired a new position in shares of Grabagun Digital in the 1st quarter valued at $135,000. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Grabagun Digital in the 4th quarter valued at $150,000. Hedge funds and other institutional investors own 4.80% of the company's stock.
About Grabagun Digital
(
Get Free Report)
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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