PSQ (NYSE:PSQH) Downgraded to "Sell" Rating by Wall Street Zen

Wall Street Zen downgraded shares of PSQ (NYSE:PSQH - Free Report) from a hold rating to a sell rating in a report published on Friday.

Separately, 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 report on Thursday, March 20th.

PSQ Stock Down 0.2%

PSQH stock traded down $0.01 during mid-day trading on Friday, reaching $2.04. The company had a trading volume of 577,629 shares, compared to its average volume of 1,543,012. The firm has a fifty day simple moving average of $2.08 and a 200 day simple moving average of $2.88. The company has a debt-to-equity ratio of 1.09, a quick ratio of 4.24 and a current ratio of 4.52. The company has a market capitalization of $87.32 million, a price-to-earnings ratio of -1.33 and a beta of -0.01. PSQ has a fifty-two week low of $1.63 and a fifty-two week high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.24) EPS for the quarter, topping 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 net margin of 187.14% and a negative return on equity of 259.58%. Analysts forecast that PSQ will post -1.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Willie Langston purchased 27,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average price of $1.95 per share, for a total transaction of $52,650.00. Following the completion of the purchase, the director now directly owns 274,776 shares of the company's stock, valued at $535,813.20. This trade represents a 10.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 22.06% of the company's stock.

Hedge Funds Weigh In On PSQ

Hedge funds and other institutional investors have recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new stake in shares of PSQ in the 1st quarter worth $1,842,000. Cubist Systematic Strategies LLC purchased a new position in PSQ during the first quarter worth about $341,000. OMERS ADMINISTRATION Corp purchased a new position in PSQ during the first quarter worth about $267,000. XTX Topco Ltd acquired a new stake in PSQ in the first quarter valued at about $98,000. Finally, Spire Wealth Management boosted its holdings in PSQ by 68.0% in the 1st quarter. Spire Wealth Management now owns 396,751 shares of the company's stock valued at $909,000 after purchasing an additional 160,601 shares in the last quarter. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

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.