PSQ (NYSE:PSQH) Posts Earnings Results, Misses Expectations By $0.49 EPS

PSQ (NYSE:PSQH) announced its earnings results on Tuesday. The company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.05) by ($0.49), FiscalAI reports. The company had revenue of $7.13 million during the quarter, compared to analysts’ expectations of $7.50 million. PSQ had a negative return on equity of 237.84% and a negative net margin of 132.73%.

PSQ Trading Up 0.2%

PSQ stock traded up $0.01 during mid-day trading on Tuesday, hitting $4.41. The company’s stock had a trading volume of 16,689 shares, compared to its average volume of 80,043. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $14.33 million, a price-to-earnings ratio of -0.40 and a beta of 0.47. The business has a 50 day moving average price of $6.14 and a 200-day moving average price of $9.04. PSQ has a 12 month low of $2.95 and a 12 month high of $42.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. increased its stake in shares of PSQ by 63.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock worth $3,978,000 after buying an additional 1,493,338 shares during the period. Marshall Wace LLP boosted its position in PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after buying an additional 822,544 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in PSQ during the 3rd quarter valued at $341,000. Corient Private Wealth LLC grew its holdings in PSQ by 143.5% in the 4th quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock worth $130,000 after acquiring an additional 74,627 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of PSQ by 5.0% in the third quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company’s stock valued at $2,625,000 after acquiring an additional 65,696 shares during the period. 17.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on PSQH. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research note on Friday, July 17th. Wall Street Zen upgraded PSQ to a “hold” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.50.

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.