Two Sigma Investments LP Makes New Investment in PSQ Holdings, Inc. (NYSE:PSQH)

Two Sigma Investments LP purchased a new position in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 115,172 shares of the company's stock, valued at approximately $523,000. Two Sigma Investments LP owned 0.33% of PSQ at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Man Group plc bought a new position in PSQ in the 4th quarter worth approximately $77,000. Toronto Dominion Bank bought a new position in PSQ in the 4th quarter worth approximately $91,000. Leavell Investment Management Inc. bought a new position in PSQ in the 4th quarter worth approximately $189,000. Northern Trust Corp boosted its stake in PSQ by 135.9% in the 4th 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. Finally, 683 Capital Management LLC bought a new position in PSQ in the 4th quarter worth approximately $367,000. 17.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen upgraded PSQ from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Roth Mkm lowered their target price on PSQ from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, March 20th.

Insider Activity

In related news, Director Willie Langston purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $2.05 per share, for a total transaction of $51,250.00. Following the completion of the transaction, the director now directly owns 247,776 shares in the company, valued at $507,940.80. This represents a 11.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 22.06% of the company's stock.

PSQ Stock Up 8.7%

NYSE PSQH opened at $2.50 on Monday. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. The company has a market capitalization of $107.29 million, a P/E ratio of -1.98 and a beta of -0.01. PSQ Holdings, Inc. has a one year low of $1.63 and a one year high of $7.77. The stock has a 50 day moving average price of $2.00 and a 200-day moving average price of $3.00.

PSQ (NYSE:PSQH - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.06. The firm had revenue of $6.75 million during the quarter, compared to the consensus estimate of $7.46 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. As a group, equities analysts predict that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

About PSQ

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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