PSQ (NYSE:PSQH) Shares Up 1.8% – Time to Buy?

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

Analyst Ratings Changes

PSQH has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research note on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and set a $3.50 price target on shares of PSQ in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.17.

PSQ Trading Up 1.8%

The company’s 50 day moving average price is $1.59 and its two-hundred day moving average price is $1.89. The firm has a market cap of $50.82 million, a PE ratio of -0.92 and a beta of 0.04. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.91.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $3.86 million. PSQ had a negative net margin of 178.95% and a negative return on equity of 184.74%. As a group, sell-side analysts forecast that PSQ Holdings, Inc. will post -1.54 EPS for the current year.

Insider Transactions at PSQ

In other PSQ news, insider Michael Robert Hebert sold 23,310 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $1.55, for a total value of $36,130.50. Following the transaction, the insider owned 239,843 shares of the company’s stock, valued at $371,756.65. This represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 36,062 shares of company stock worth $55,896. 22.06% of the stock is owned by insiders.

Hedge Funds Weigh In On PSQ

Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in PSQ during the 1st quarter worth about $341,000. Belpointe Asset Management LLC bought a new stake in shares of PSQ in the 1st quarter valued at about $1,842,000. Sepio Capital LP purchased a new stake in shares of PSQ in the 2nd quarter worth approximately $2,468,000. OMERS ADMINISTRATION Corp bought a new position in shares of PSQ during the first quarter valued at approximately $267,000. Finally, XTX Topco Ltd increased its holdings in PSQ by 44.5% during the second quarter. XTX Topco Ltd now owns 61,609 shares of the company’s stock valued at $126,000 after buying an additional 18,969 shares during the period. Hedge funds and other 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.