PSQ (NYSE:PSQH) Issues Earnings Results, Misses Estimates By $0.49 EPS

PSQ (NYSE:PSQH) issued its quarterly 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 during the quarter, compared to analyst estimates of $7.50 million. PSQ had a negative net margin of 132.73% and a negative return on equity of 237.84%.

PSQ Stock Performance

Shares of PSQH stock traded up $0.01 on Tuesday, reaching $4.41. The stock had a trading volume of 16,584 shares, compared to its average volume of 80,043. PSQ has a 12 month low of $2.95 and a 12 month high of $42.60. The firm has a market capitalization of $14.33 million, a price-to-earnings ratio of -0.40 and a beta of 0.47. The firm’s 50-day moving average is $6.14 and its two-hundred day moving average is $9.04. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42.

Hedge Funds Weigh In On PSQ

A number of institutional investors have recently bought and sold shares of PSQH. Shay Capital LLC boosted its holdings in shares of PSQ by 46.1% during the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock worth $58,000 after acquiring an additional 9,001 shares during the period. Bridgeway Capital Management LLC grew its position in shares of PSQ by 45.5% in the third quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after purchasing an additional 10,000 shares during the last quarter. Harvest Investment Services LLC increased its stake in shares of PSQ by 1.8% during the third quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock worth $1,246,000 after purchasing an additional 11,412 shares during the period. Alyeska Investment Group L.P. lifted its holdings in PSQ by 0.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,368,764 shares of the company’s stock worth $4,524,000 after purchasing an additional 14,525 shares during the last quarter. Finally, Centiva Capital LP acquired a new stake in PSQ during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 17.32% of the company’s stock.

Analysts Set New Price Targets

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

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.