PSQ (NYSE:PSQH) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of PSQ (NYSE:PSQH) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Separately, Roth Mkm lowered their target price on shares of PSQ from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th.

PSQ Trading Up 4.2%

Shares of NYSE:PSQH opened at $2.13 on Thursday. PSQ has a 12-month low of $1.63 and a 12-month high of $7.77. The company has a market capitalization of $91.19 million, a PE ratio of -1.69 and a beta of -0.10. The business has a 50 day moving average of $2.05 and a two-hundred day moving average of $3.02. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46.

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

Insider Buying and Selling at PSQ

In related news, Director Willie Langston bought 27,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was bought at an average cost of $1.95 per share, for a total transaction of $52,650.00. Following the acquisition, the director now directly owns 274,776 shares in the company, valued at $535,813.20. This represents a 10.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 22.06% of the company’s stock.

Institutional Investors Weigh In On PSQ

Several hedge funds and other institutional investors have recently bought and sold shares of PSQH. Belpointe Asset Management LLC purchased a new stake in shares of PSQ in the 1st quarter valued at approximately $1,842,000. Cubist Systematic Strategies LLC purchased a new position in PSQ in the first quarter worth approximately $341,000. OMERS ADMINISTRATION Corp acquired a new stake in PSQ during the first quarter worth $267,000. XTX Topco Ltd acquired a new stake in PSQ during the first quarter worth $98,000. Finally, Spire Wealth Management raised its position in PSQ by 68.0% in the first quarter. Spire Wealth Management now owns 396,751 shares of the company’s stock valued at $909,000 after purchasing an additional 160,601 shares during the period. 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.