PSQ (NYSE:PSQH) Shares Down 3.1% – Time to Sell?

PSQ Holdings, Inc. (NYSE:PSQH) was down 3.1% during mid-day trading on Thursday . The company traded as low as $1.99 and last traded at $2.0050. Approximately 673,869 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 1,398,834 shares. The stock had previously closed at $2.07.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PSQH shares. Wall Street Zen downgraded shares of PSQ from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Roth Capital reaffirmed a “buy” rating and issued a $3.50 target price on shares of PSQ in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.17.

PSQ Stock Performance

The business’s fifty day moving average price is $2.00 and its two-hundred day moving average price is $2.05. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.73 and a current ratio of 2.97. The stock has a market capitalization of $92.05 million and a P/E ratio of -1.49.

PSQ (NYSE:PSQH) last posted its earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.09. PSQ had a negative net margin of 169.29% and a negative return on equity of 224.55%. The firm had revenue of $7.08 million for the quarter, compared to the consensus estimate of $9.11 million. As a group, sell-side analysts forecast that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Institutional Trading of PSQ

A number of large investors have recently made changes to their positions in the business. Sepio Capital LP bought a new stake in shares of PSQ in the 2nd quarter worth about $2,468,000. Marshall Wace LLP grew its holdings in PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after purchasing an additional 822,544 shares during the last quarter. Belpointe Asset Management LLC bought a new position in PSQ during the 1st quarter valued at about $1,842,000. Geode Capital Management LLC grew its holdings in PSQ by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock valued at $683,000 after purchasing an additional 38,391 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of PSQ during the first quarter valued at approximately $341,000. 17.32% of the stock is currently owned by institutional investors.

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.