Outdoor (NASDAQ:POWW) Price Target Lowered to $2.00 at Lake Street Capital

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

Separately, Wall Street Zen lowered shares of Outdoor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th.

Outdoor Trading Down 1.5%

Shares of NASDAQ POWW opened at $1.35 on Monday. Outdoor has a 12-month low of $0.95 and a 12-month high of $2.14. The stock’s fifty day simple moving average is $1.66 and its two-hundred day simple moving average is $1.51. The stock has a market capitalization of $157.70 million, a PE ratio of -2.93 and a beta of 1.16.

Hedge Funds Weigh In On Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC raised 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 in the last quarter. Royce & Associates LP boosted its stake in Outdoor by 35.8% during the fourth quarter. Royce & Associates LP now owns 44,022 shares of the company’s stock worth $48,000 after buying an additional 11,614 shares during the period. Intech Investment Management LLC raised its holdings in shares of Outdoor by 175.6% in the 4th quarter. Intech Investment Management LLC now owns 42,033 shares of the company’s stock valued at $46,000 after buying an additional 26,783 shares during the period. Virtu Financial LLC purchased a new position in Outdoor in the 4th quarter valued at approximately $80,000. Finally, Sei Investments Co. acquired a new stake in Outdoor in the fourth quarter valued at approximately $69,000. Hedge funds and other 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.