PSQ (NYSE:PSQH) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

PSQ (NYSE:PSQH) released its earnings results on Tuesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06), FiscalAI reports. The firm had revenue of $7.33 million during the quarter. PSQ had a negative net margin of 178.95% and a negative return on equity of 184.74%.

PSQ Trading Up 2.5%

Shares of PSQ stock opened at $0.65 on Tuesday. The firm has a 50-day simple moving average of $0.83 and a two-hundred day simple moving average of $1.40. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.54 and a current ratio of 2.54. PSQ has a fifty-two week low of $0.59 and a fifty-two week high of $2.88. The company has a market cap of $29.85 million, a P/E ratio of -0.54 and a beta of 0.08.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, PSQ presently has a consensus rating of “Hold” and an average price target of $3.50.

Hedge Funds Weigh In On PSQ

Several institutional investors and hedge funds have recently bought and sold shares of PSQH. Corient Private Wealth LLC grew its stake in shares of PSQ by 143.5% in the 4th quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock valued at $130,000 after buying an additional 74,627 shares during the period. Marshall Wace LLP raised its position in shares of PSQ by 15.6% during the 4th quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock valued at $738,000 after buying an additional 96,858 shares during the period. Alyeska Investment Group L.P. raised its position in shares of PSQ by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock valued at $3,978,000 after buying an additional 1,493,338 shares during the period. HRT Financial LP acquired a new position in PSQ in the fourth quarter valued at approximately $45,000. Finally, CIBC Bancorp USA Inc. acquired a new position in PSQ in the third quarter valued at approximately $341,000. 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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.