Dusty Wunderlich Sells 17,517 Shares of PSQ (NYSE:PSQH) Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Dusty Wunderlich sold 17,517 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $0.59, for a total value of $10,335.03. Following the completion of the transaction, the insider owned 109,592 shares in the company, valued at $64,659.28. The trade was a 13.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dusty Wunderlich also recently made the following trade(s):

• On Thursday, May 14th, Dusty Wunderlich sold 11,606 shares of PSQ stock. The stock was sold at an average price of $0.61, for a total value of $7,079.66.
• On Wednesday, May 13th, Dusty Wunderlich sold 11,645 shares of PSQ stock. The stock was sold at an average price of $0.66, for a total value of $7,685.70.

PSQ Stock Down 3.9%

Shares of NYSE PSQH opened at $0.60 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 2.03 and a current ratio of 1.69. PSQ Holdings, Inc. has a 52 week low of $0.48 and a 52 week high of $2.84. The stock has a market capitalization of $29.25 million, a P/E ratio of -0.74 and a beta of 0.39. The stock’s fifty day moving average is $0.64 and its 200 day moving average is $0.99.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.The company had revenue of $8.16 million for the quarter, compared to analysts’ expectations of $7.19 million.

Analysts Set New Price Targets

A number of research analysts recently commented on PSQH shares. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research report on Tuesday, April 21st. Wall Street Zen upgraded PSQ from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PSQ has a consensus rating of “Hold” and an average price target of $3.50.

Key Headlines Impacting PSQ

Here are the key news stories impacting PSQ this week:

• Positive Sentiment: Wall Street Zen raised PSQ Holdings to Hold from Sell, suggesting the downside case may be less severe than before. PSQ (NYSE:PSQH) Raised to Hold at Wall Street Zen
• Neutral Sentiment: Insiders, including CFO James Rinn and CFO Michael Pena, sold shares over several days, but the filings say the trades were made to cover tax withholding tied to vesting equity awards, which makes them less concerning than discretionary selling.
• Negative Sentiment: The repeated insider sales may still hurt sentiment for a small-cap stock like PSQH, especially given the company’s weak profitability and recent earnings showing a deeply negative net margin and return on equity.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC grew its position in PSQ by 143.5% in the fourth quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock valued at $130,000 after acquiring an additional 74,627 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in PSQ by 1,463.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after acquiring an additional 29,010 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of PSQ by 15.6% during the fourth quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock worth $738,000 after purchasing an additional 96,858 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of PSQ by 63.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock worth $3,978,000 after purchasing an additional 1,493,338 shares during the last quarter. Finally, HRT Financial LP bought a new stake in shares of PSQ during the fourth quarter worth about $45,000. Institutional investors own 17.32% of the company’s stock.

PSQ Company Profile

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.