Two Sigma Investments LP Invests $523,000 in PSQ Holdings, Inc. (NYSE:PSQH)

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

A number of other large investors also recently modified their holdings of PSQH. Man Group plc purchased a new position in shares of PSQ during the 4th quarter valued at about $77,000. Toronto Dominion Bank purchased a new position in PSQ during the fourth quarter valued at $91,000. Leavell Investment Management Inc. bought a new position in PSQ during the 4th quarter valued at 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 in the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of PSQ during the fourth quarter valued at approximately $367,000. 17.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen raised shares of PSQ from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Roth Mkm cut their target price on shares of PSQ from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th.

PSQ Trading Down 4.3%

PSQH stock traded down $0.10 during midday trading on Thursday, hitting $2.25. 393,276 shares of the company's stock were exchanged, compared to its average volume of 1,520,051. PSQ Holdings, Inc. has a 1-year low of $1.63 and a 1-year high of $7.77. The stock has a market capitalization of $96.56 million, a PE ratio of -1.79 and a beta of -0.01. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $3.00. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.06. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The firm had revenue of $6.75 million for the quarter, compared to analyst estimates of $7.46 million. On average, sell-side analysts predict that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Insider Activity at PSQ

In related news, Director Willie Langston bought 27,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was bought at an average price of $1.95 per share, with a total value of $52,650.00. Following the transaction, the director now owns 274,776 shares of the company's stock, valued at approximately $535,813.20. This trade represents a 10.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 22.06% of the stock is currently owned by corporate insiders.

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.