PSQ (NYSE:PSQH) Posts Earnings Results, Misses Expectations By $0.49 EPS

PSQ (NYSE:PSQH) announced its earnings results on Tuesday. The company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.05) by ($0.49), FiscalAI reports. The business had revenue of $7.13 million for the quarter, compared to analysts’ expectations of $7.50 million. PSQ had a negative net margin of 132.73% and a negative return on equity of 237.84%.

PSQ Trading Down 5.4%

Shares of NYSE:PSQH traded down $0.26 on Wednesday, hitting $4.54. 9,173 shares of the company’s stock were exchanged, compared to its average volume of 80,148. The business’s 50 day simple moving average is $6.05 and its two-hundred day simple moving average is $8.95. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $14.76 million, a price-to-earnings ratio of -0.41 and a beta of 0.46. PSQ has a 12 month low of $2.95 and a 12 month high of $42.60.

Analyst Ratings Changes

PSQH has been the subject of several analyst reports. Wall Street Zen raised PSQ to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.50.

Institutional Investors Weigh In On PSQ

Large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its stake in shares of PSQ by 143.5% during the fourth quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock valued at $130,000 after acquiring an additional 74,627 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of PSQ by 15.6% in the 4th quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock worth $738,000 after buying an additional 96,858 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of PSQ by 63.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock worth $3,978,000 after buying an additional 1,493,338 shares during the period. HRT Financial LP bought a new position in shares of PSQ during the 4th quarter worth $45,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of PSQ during the third quarter valued at $341,000. 17.32% of the stock is owned by hedge funds and other 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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.