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

PSQ (NYSE:PSQH) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.50.

PSQ Price Performance

NYSE:PSQH opened at $3.33 on Friday. The business’s 50-day simple moving average is $6.74 and its two-hundred day simple moving average is $9.64. PSQ has a 52 week low of $3.01 and a 52 week high of $42.60. The stock has a market cap of $10.82 million, a PE ratio of -0.27 and a beta of 0.44. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.80) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.55) by $0.75. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.The firm had revenue of $8.16 million during the quarter, compared to analyst estimates of $7.19 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in shares of PSQ by 143.5% in the fourth quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock worth $130,000 after purchasing an additional 74,627 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in PSQ by 1,463.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after buying an additional 29,010 shares during the last quarter. Marshall Wace LLP boosted its stake in PSQ by 15.6% during the fourth quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock valued at $738,000 after buying an additional 96,858 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in PSQ by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock valued at $3,978,000 after buying an additional 1,493,338 shares in the last quarter. Finally, HRT Financial LP purchased a new position in PSQ during the 4th quarter valued at approximately $45,000. 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.