Roth Mkm Cuts PSQ (NYSE:PSQH) Price Target to $4.00

PSQ (NYSE:PSQH) had its price target lowered by stock analysts at Roth Mkm from $5.00 to $4.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective would indicate a potential upside of 50.09% from the stock’s previous close.

Separately, Maxim Group started coverage on PSQ in a research note on Wednesday, January 15th. They set a “buy” rating and a $8.00 target price on the stock.

PSQ Stock Down 1.7 %

Shares of PSQH opened at $2.67 on Thursday. The business’s 50 day moving average is $3.42 and its 200 day moving average is $3.22. The company has a market capitalization of $92.64 million, a PE ratio of -2.12 and a beta of -0.21. PSQ has a 12-month low of $2.00 and a 12-month high of $7.77. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46.

PSQ (NYSE:PSQH) last issued its earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). The business had revenue of $7.21 million for the quarter, compared to the consensus estimate of $7.47 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. Research analysts expect that PSQ will post -1.54 earnings per share for the current fiscal year.

Institutional Trading of PSQ

A number of large investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its stake in PSQ by 121.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company’s stock worth $8,588,000 after acquiring an additional 1,036,694 shares during the last quarter. Heights Capital Management Inc. purchased a new position in shares of PSQ in the 4th quarter worth approximately $5,836,000. Harvest Investment Services LLC boosted its holdings in shares of PSQ by 108.4% in the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock worth $1,938,000 after purchasing an additional 222,041 shares during the period. Spire Wealth Management purchased a new position in shares of PSQ in the 4th quarter worth approximately $1,072,000. Finally, Geode Capital Management LLC boosted its holdings in shares of PSQ by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 217,202 shares of the company’s stock worth $986,000 after purchasing an additional 18,017 shares during the period. Institutional investors 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.