Grabagun Digital (NYSE:PEW) Shares Up 2.4% – Here’s What Happened

Grabagun Digital Holdings Inc. (NYSE:PEW)’s share price shot up 2.4% during trading on Friday . The company traded as high as $2.36 and last traded at $2.3440. 371,518 shares traded hands during trading, a decline of 5% from the average session volume of 389,574 shares. The stock had previously closed at $2.29.

Analysts Set New Price Targets

Several brokerages have issued reports on PEW. Wall Street Zen upgraded Grabagun Digital from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grabagun Digital in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Grabagun Digital has an average rating of “Sell”.

Grabagun Digital Trading Up 2.4%

The stock’s fifty day moving average price is $2.75. The company has a quick ratio of 6.37, a current ratio of 6.91 and a debt-to-equity ratio of 0.07. The stock has a market cap of $68.91 million, a P/E ratio of -13.79 and a beta of -0.11.

Grabagun Digital (NYSE:PEW) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $25.93 million for the quarter. As a group, analysts forecast that Grabagun Digital Holdings Inc. will post -0.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Grabagun Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in Grabagun Digital in the fourth quarter valued at $279,000. Renaissance Technologies LLC acquired a new position in shares of Grabagun Digital in the 1st quarter valued at $135,000. XTX Topco Ltd grew 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 purchasing an additional 41,335 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Grabagun Digital during the 4th quarter worth $32,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Grabagun Digital during the 4th quarter worth about $150,000. Institutional investors and hedge funds own 4.80% of the company’s stock.

Grabagun Digital Company Profile

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.