PSQ (NYSE:PSQH) Rating Reiterated by Roth Mkm

PSQ (NYSE:PSQH)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $7.50 price target on the stock, down from their previous price target of $8.50. Roth Mkm’s target price points to a potential upside of 87.50% from the stock’s current price.

PSQ Price Performance

Shares of NYSE:PSQH opened at $4.00 on Thursday. PSQ has a 1-year low of $3.66 and a 1-year high of $35.57. The business’s 50 day moving average is $4.54 and its 200-day moving average is $5.06.

PSQ (NYSE:PSQH) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.07. The company had revenue of $2.75 million during the quarter, compared to the consensus estimate of $2.47 million. As a group, analysts anticipate that PSQ will post -0.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PSQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSQH. PNC Financial Services Group Inc. acquired a new position in shares of PSQ during the third quarter valued at $27,000. Capital Investment Counsel Inc acquired a new position in PSQ during the 4th quarter valued at about $60,000. Financial Advocates Investment Management bought a new position in shares of PSQ in the 4th quarter valued at about $65,000. Calton & Associates Inc. acquired a new stake in shares of PSQ during the 4th quarter worth approximately $431,000. Finally, Mariner LLC bought a new stake in shares of PSQ during the third quarter worth approximately $1,571,000. Institutional investors and hedge funds own 17.32% of the company’s stock.

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.