148,916 Shares in PSQ Holdings, Inc. $PSQH Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 148,916 shares of PSQ Holdings, Inc. for approximately $341,000, representing 0.35% ownership of the company.
• PSQ Holdings reported a loss of ($0.18) EPS, exceeding estimates, but showed a negative net margin and return on equity. Analysts predict an EPS of -1.54 for the current fiscal year.
• Wall Street Zen downgraded PSQ shares from a "hold" to a "sell" rating, yet the stock has an average rating of "buy" and a price target of $6.00.

Cubist Systematic Strategies LLC purchased a new position in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 148,916 shares of the company's stock, valued at approximately $341,000. Cubist Systematic Strategies LLC owned 0.35% of PSQ as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. OMERS ADMINISTRATION Corp bought a new position in PSQ during the first quarter worth about $267,000. XTX Topco Ltd acquired a new stake in PSQ during the first quarter worth about $98,000. Spire Wealth Management grew its stake in PSQ by 68.0% during the first quarter. Spire Wealth Management now owns 396,751 shares of the company's stock worth $909,000 after buying an additional 160,601 shares in the last quarter. Merit Financial Group LLC acquired a new stake in PSQ during the first quarter worth about $215,000. Finally, Toronto Dominion Bank acquired a new stake in PSQ during the fourth quarter worth about $91,000. 17.32% of the stock is owned by institutional investors.

PSQ Trading Up 0.3%

NYSE PSQH opened at $1.98 on Friday. The business's fifty day moving average is $1.98 and its 200 day moving average is $2.12. The company has a quick ratio of 2.73, a current ratio of 2.97 and a debt-to-equity ratio of 1.27. PSQ Holdings, Inc. has a twelve month low of $1.55 and a twelve month high of $7.77. The company has a market cap of $90.67 million, a price-to-earnings ratio of -1.46 and a beta of -0.04.

PSQ (NYSE:PSQH - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.09. PSQ had a negative net margin of 169.29% and a negative return on equity of 224.55%. The business had revenue of $7.08 million for the quarter, compared to the consensus estimate of $9.11 million. As a group, sell-side analysts expect that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of PSQ from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $6.00.

PSQ 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.

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