Grabagun Digital (NYSE:PEW) CFO Sells $36,864.00 in Stock

Grabagun Digital Holdings Inc. (NYSE:PEW) CFO Justin Hilty sold 16,384 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $2.25, for a total value of $36,864.00. Following the sale, the chief financial officer directly owned 74,517 shares in the company, valued at $167,663.25. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Stock Up 2.2%

NYSE PEW opened at $2.35 on Friday. The stock has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.72. Grabagun Digital Holdings Inc. has a one year low of $2.22 and a one year high of $6.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 8.61 and a current ratio of 9.42. The company has a market capitalization of $69.35 million, a P/E ratio of -10.22 and a beta of -0.08.

Grabagun Digital (NYSE:PEW) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $23.22 million for the quarter. Grabagun Digital had a negative net margin of 6.42% and a negative return on equity of 6.15%. As a group, equities analysts predict that Grabagun Digital Holdings Inc. will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Grabagun Digital in a research report on Thursday, June 11th. Roth Capital dropped their price target on Grabagun Digital from $6.75 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Grabagun Digital currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Hedge Funds Weigh In On Grabagun Digital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new stake in Grabagun Digital in the 4th quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new position in Grabagun Digital in the 4th quarter valued at $43,000. United Asset Strategies Inc. purchased a new position in Grabagun Digital in the 1st quarter valued at $47,000. Renaissance Technologies LLC acquired a new stake in Grabagun Digital during the 1st quarter worth $135,000. Finally, Bridgeway Capital Management LLC acquired a new stake in shares of Grabagun Digital in the fourth quarter valued at about $150,000. 4.80% of the stock is owned by hedge funds and other institutional investors.

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.