Wall Street Zen Upgrades PSQ (NYSE:PSQH) to Sell

PSQ (NYSE:PSQH) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.50.

PSQ Price Performance

PSQH stock opened at $0.73 on Friday. PSQ has a 1 year low of $0.48 and a 1 year high of $2.84. The company has a debt-to-equity ratio of 2.12, a quick ratio of 2.03 and a current ratio of 2.03. The stock’s 50 day moving average price is $0.64 and its 200 day moving average price is $1.17. The firm has a market cap of $35.46 million, a P/E ratio of -0.92 and a beta of 0.16.

Institutional Trading of PSQ

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in PSQ by 1,463.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after purchasing an additional 29,010 shares in the last quarter. Centiva Capital LP acquired a new stake in PSQ in the 3rd quarter valued at $34,000. HRT Financial LP acquired a new stake in PSQ in the 4th quarter valued at $45,000. Shay Capital LLC increased its holdings in 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. Finally, Bridgeway Capital Management LLC increased its holdings in PSQ by 45.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after purchasing an additional 10,000 shares in the last quarter. 17.32% of the stock is currently owned by institutional investors and hedge funds.

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.