Cubist Systematic Strategies LLC Makes New $341,000 Investment in PSQ Holdings, Inc. $PSQH

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

Other large investors also recently made changes to their positions in the company. Man Group plc bought a new stake in shares of PSQ during the 4th quarter worth about $77,000. Toronto Dominion Bank bought a new stake in PSQ during the fourth quarter worth approximately $91,000. Squarepoint Ops LLC bought a new stake in PSQ during the fourth quarter worth approximately $109,000. XTX Topco Ltd bought a new stake in PSQ during the first quarter worth approximately $98,000. Finally, Northern Trust Corp boosted its position in PSQ by 135.9% during the fourth quarter. Northern Trust Corp now owns 64,759 shares of the company's stock worth $294,000 after purchasing an additional 37,306 shares during the period. Institutional investors own 17.32% of the company's stock.

PSQ Stock Performance

Shares of PSQH traded up $0.09 during mid-day trading on Wednesday, hitting $2.09. The company's stock had a trading volume of 1,540,833 shares, compared to its average volume of 1,098,050. PSQ Holdings, Inc. has a one year low of $1.55 and a one year high of $7.77. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.73 and a current ratio of 2.97. The firm has a market capitalization of $95.95 million, a PE ratio of -1.55 and a beta of -0.04. The stock's 50-day moving average is $1.97 and its two-hundred day moving average is $2.10.

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

Analyst Ratings Changes

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