PSQ (NYSE:PSQH) Trading 1.8% Higher – Here’s Why

PSQ Holdings, Inc. (NYSE:PSQH)’s share price rose 1.8% on Wednesday . The company traded as high as $1.13 and last traded at $1.0990. Approximately 273,529 shares were traded during trading, a decline of 55% from the average daily volume of 608,236 shares. The stock had previously closed at $1.08.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PSQH shares. Roth Capital reissued a “buy” rating and issued a $3.50 price objective on shares of PSQ in a research note on Thursday, October 30th. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $5.17.

PSQ Trading Down 0.4%

The business’s 50-day moving average price is $1.57 and its two-hundred day moving average price is $1.89. The firm has a market cap of $51.56 million, a price-to-earnings ratio of -0.93 and a beta of 0.04. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.54 and a quick ratio of 2.54.

PSQ (NYSE:PSQH) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.06). PSQ had a negative return on equity of 184.74% and a negative net margin of 178.95%.The business had revenue of $4.40 million for the quarter, compared to analyst estimates of $3.86 million. Equities analysts expect that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Insider Buying and Selling at PSQ

In related news, insider Michael Robert Hebert sold 23,310 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $1.55, for a total value of $36,130.50. Following the sale, the insider directly owned 239,843 shares of the company’s stock, valued at approximately $371,756.65. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 36,062 shares of company stock worth $55,896. Corporate insiders own 22.06% of the company’s stock.

Hedge Funds Weigh In On PSQ

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its holdings in PSQ by 83.3% in the second quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock valued at $25,000 after acquiring an additional 5,631 shares during the last quarter. Shay Capital LLC lifted its stake in shares of PSQ by 46.1% in the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after purchasing an additional 9,001 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of PSQ by 45.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock worth $61,000 after purchasing an additional 10,000 shares during the period. Harvest Investment Services LLC grew its holdings in shares of PSQ by 1.8% during the 3rd quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock worth $1,246,000 after purchasing an additional 11,412 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in PSQ during the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 17.32% of the company’s stock.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.