PSQ (NYSE:PSQH) Insider Sells $10,335.03 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Dusty Wunderlich sold 17,517 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $0.59, for a total value of $10,335.03. Following the completion of the sale, the insider owned 109,592 shares in the company, valued at approximately $64,659.28. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dusty Wunderlich also recently made the following trade(s):

• On Thursday, May 14th, Dusty Wunderlich sold 11,606 shares of PSQ stock. The shares were sold at an average price of $0.61, for a total value of $7,079.66.
• On Wednesday, May 13th, Dusty Wunderlich sold 11,645 shares of PSQ stock. The shares were sold at an average price of $0.66, for a total transaction of $7,685.70.

PSQ Stock Performance

PSQH traded down $0.02 on Friday, reaching $0.60. The company had a trading volume of 623,660 shares, compared to its average volume of 364,965. PSQ Holdings, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $2.84. The stock has a market cap of $29.25 million, a P/E ratio of -0.74 and a beta of 0.39. The company’s fifty day moving average is $0.64 and its 200 day moving average is $0.99. The company has a debt-to-equity ratio of 3.42, a quick ratio of 2.03 and a current ratio of 1.69.

PSQ (NYSE:PSQH) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%. The business had revenue of $8.16 million for the quarter, compared to analyst estimates of $7.19 million.

Institutional Trading of PSQ

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. raised its stake in 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 purchasing an additional 1,493,338 shares in the last quarter. Vanguard Group Inc. increased its stake in PSQ by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company’s stock worth $2,625,000 after acquiring an additional 65,696 shares during the period. Marshall Wace LLP increased its stake in PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock worth $1,784,000 after acquiring an additional 822,544 shares during the period. Harvest Investment Services LLC increased its stake in PSQ by 1.8% during the 3rd quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock worth $1,246,000 after acquiring an additional 11,412 shares during the period. Finally, Geode Capital Management LLC increased its stake in PSQ by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock worth $683,000 after acquiring an additional 38,391 shares during the period. Institutional investors and hedge funds own 17.32% of the company’s stock.

Analyst Ratings Changes

PSQH has been the subject of several recent research reports. Wall Street Zen upgraded PSQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.50.

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.