PSQ (NYSE:PSQH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of PSQ (NYSE:PSQH) to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PSQ currently has a consensus rating of “Hold” and an average target price of $52.50.

PSQ Price Performance

Shares of PSQH stock opened at $3.07 on Friday. PSQ has a fifty-two week low of $3.01 and a fifty-two week high of $42.60. The firm has a market capitalization of $9.98 million, a price-to-earnings ratio of -0.25 and a beta of 0.44. 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 stock’s 50-day simple moving average is $6.63 and its 200-day simple moving average is $9.49.

PSQ (NYSE:PSQH) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.80) EPS for the quarter, beating the consensus estimate of ($2.55) by $0.75. The firm had revenue of $8.16 million during the quarter, compared to analyst estimates of $7.19 million. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%.

Institutional Investors Weigh In On PSQ

A number of institutional investors and hedge funds have recently modified their holdings of PSQH. Shay Capital LLC boosted its position in 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 buying an additional 9,001 shares during the last quarter. Bridgeway Capital Management LLC raised its position in PSQ by 45.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock worth $61,000 after buying an additional 10,000 shares during the last quarter. Harvest Investment Services LLC lifted 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 valued at $1,246,000 after acquiring an additional 11,412 shares during the period. Alyeska Investment Group L.P. lifted its stake 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 valued at $4,524,000 after acquiring an additional 14,525 shares during the period. Finally, Centiva Capital LP acquired a new stake in PSQ during the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 17.32% of the company’s stock.

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.