PSQ (NYSE:PSQH) Director Buys $25,000.00 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston purchased 50,000 shares of PSQ stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average price of $0.50 per share, with a total value of $25,000.00. Following the transaction, the director owned 396,205 shares in the company, valued at approximately $198,102.50. The trade was a 14.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PSQ Price Performance

Shares of PSQH traded down $0.01 during mid-day trading on Tuesday, hitting $0.49. 506,373 shares of the company were exchanged, compared to its average volume of 1,144,370. PSQ Holdings, Inc. has a 1-year low of $0.48 and a 1-year high of $2.84. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.69 and a current ratio of 1.69. The company has a 50 day moving average of $0.62 and a 200-day moving average of $0.84. The stock has a market cap of $23.88 million, a price-to-earnings ratio of -0.61 and a beta of 0.38.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $8.16 million during the quarter, compared to the consensus estimate of $7.19 million.

Institutional Trading of PSQ

Hedge funds have recently made changes to their positions in the company. Centiva Capital LP acquired a new position in shares of PSQ in the 3rd quarter worth approximately $34,000. Shay Capital LLC lifted its holdings in shares of PSQ by 46.1% in the 2nd 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 last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of PSQ by 1,463.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock worth $32,000 after acquiring an additional 29,010 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of PSQ by 45.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock worth $61,000 after acquiring an additional 10,000 shares during the last quarter. Finally, HRT Financial LP acquired a new position in shares of PSQ in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 17.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PSQH. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research report on Tuesday, April 21st. Wall Street Zen raised shares of PSQ from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, PSQ has a consensus rating of “Hold” and a consensus target price 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.