PSQ (NYSE:PSQH) Shares Down 0.5% – Should You Sell?

PSQ Holdings, Inc. (NYSE:PSQH)’s stock price fell 0.5% during trading on Thursday . The company traded as low as $1.05 and last traded at $1.0750. 316,627 shares were traded during mid-day trading, a decline of 46% from the average session volume of 584,266 shares. The stock had previously closed at $1.08.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PSQH shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a report on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and set a $3.50 price objective on shares of PSQ in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $3.75.

PSQ Trading Down 0.5%

The stock has a market cap of $48.32 million, a PE ratio of -0.87 and a beta of 0.06. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.54 and a current ratio of 2.54. The stock has a fifty day moving average price of $1.27 and a 200 day moving average price of $1.77.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The company had revenue of $4.40 million for the quarter, compared to analysts’ expectations of $3.86 million. PSQ had a negative net margin of 178.95% and a negative return on equity of 184.74%. Equities analysts expect that PSQ Holdings, Inc. will post -1.54 EPS for the current year.

Insider Activity

In related news, insider Michael Robert Hebert sold 23,310 shares of PSQ stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $1.55, for a total transaction of $36,130.50. Following the completion of the transaction, the insider directly owned 239,843 shares of the company’s stock, valued at approximately $371,756.65. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 36,062 shares of company stock valued at $55,896. 22.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its holdings in PSQ by 83.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock valued at $25,000 after buying an additional 5,631 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of PSQ during the second quarter valued at approximately $25,000. Coppell Advisory Solutions LLC bought a new stake in shares of PSQ during the second quarter valued at approximately $27,000. Centiva Capital LP purchased a new stake in shares of PSQ in the third quarter valued at approximately $34,000. Finally, Shay Capital LLC boosted its holdings in shares of PSQ by 46.1% in the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after purchasing an additional 9,001 shares during the period. 17.32% of the stock is currently owned by institutional investors.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.