Squarepoint Ops LLC Takes $109,000 Position in PSQ Holdings, Inc. (NYSE:PSQH)

Squarepoint Ops LLC bought a new position in PSQ Holdings, Inc. (NYSE:PSQH) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 23,958 shares of the company’s stock, valued at approximately $109,000. Squarepoint Ops LLC owned 0.07% of PSQ as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Heights Capital Management Inc. purchased a new position in PSQ during the fourth quarter valued at $5,836,000. Alyeska Investment Group L.P. boosted its stake in shares of PSQ by 121.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company’s stock worth $8,588,000 after buying an additional 1,036,694 shares during the last quarter. Harvest Investment Services LLC boosted its position in PSQ by 108.4% in the fourth quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock worth $1,938,000 after purchasing an additional 222,041 shares during the last quarter. Two Sigma Investments LP bought a new stake in PSQ during the fourth quarter valued at approximately $523,000. Finally, 683 Capital Management LLC purchased a new stake in shares of PSQ in the 4th quarter worth $367,000. Hedge funds and other institutional investors own 17.32% of the company’s stock.

Insider Activity

In other news, Director Willie Langston purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now owns 247,776 shares of the company’s stock, valued at $507,940.80. This trade represents a 11.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 22.06% of the company’s stock.

PSQ Stock Performance

Shares of NYSE:PSQH opened at $2.55 on Tuesday. The firm’s 50 day simple moving average is $2.01 and its 200-day simple moving average is $3.00. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. PSQ Holdings, Inc. has a one year low of $1.63 and a one year high of $7.77. The firm has a market cap of $109.39 million, a PE ratio of -2.02 and a beta of -0.01.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.06. The firm had revenue of $6.75 million for the quarter, compared to the consensus estimate of $7.46 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. As a group, equities analysts predict that PSQ Holdings, Inc. will post -1.54 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of PSQ from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Roth Mkm lowered their price objective on PSQ from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

PSQ 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.