PSQ (NYSE:PSQH) Earns Buy Rating from Analysts at Maxim Group

Maxim Group started coverage on shares of PSQ (NYSE:PSQH) in a research report released on Wednesday, Marketbeat reports. The firm issued a buy rating and a $8.00 target price on the stock.

Separately, Roth Mkm lowered their price target on shares of PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, November 14th.

PSQ Stock Up 1.6 %

Shares of PSQ stock opened at $4.65 on Wednesday. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. PSQ has a 1-year low of $2.00 and a 1-year high of $7.77. The business has a 50-day moving average of $3.64 and a 200-day moving average of $3.12. The company has a market capitalization of $161.67 million, a PE ratio of -3.69 and a beta of -0.27.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The company had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. During the same period in the previous year, the business posted ($0.49) EPS. As a group, equities analysts forecast that PSQ will post -1.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the completion of the purchase, the director now directly owns 1,203,704 shares in the company, valued at $3,250,000.80. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired 1,209,235 shares of company stock valued at $3,273,465 in the last three months. 32.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC lifted its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the period. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 as of its most recent filing with the Securities and Exchange Commission. 17.32% of the stock is owned by hedge funds and other institutional investors.

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.