PSQ (NYSE:PSQH) Cut to "Sell" at Wall Street Zen

Wall Street Zen lowered shares of PSQ (NYSE:PSQH - Free Report) from a hold rating to a sell rating in a research note released on Friday.

Separately, Roth Mkm cut their target price on PSQ from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th.

PSQ Stock Performance

PSQH stock remained flat at $2.06 during mid-day trading on Friday. The company's stock had a trading volume of 620,010 shares, compared to its average volume of 1,545,082. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.52 and a quick ratio of 4.24. The company has a market cap of $88.40 million, a P/E ratio of -1.35 and a beta of -0.01. The company has a fifty day moving average of $2.08 and a two-hundred day moving average of $2.86. PSQ has a 52 week low of $1.63 and a 52 week high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.30) by $0.06. The company had revenue of $6.75 million for the quarter, compared to analyst estimates of $7.46 million. PSQ had a negative return on equity of 259.58% and a negative net margin of 187.14%. As a group, analysts predict that PSQ will post -1.54 earnings per share for the current year.

Insider Buying and Selling at PSQ

In other news, Director Willie Langston purchased 27,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average price of $1.95 per share, for a total transaction of $52,650.00. Following the purchase, the director directly owned 274,776 shares of the company's stock, valued at $535,813.20. This represents a 10.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.06% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP purchased a new position in PSQ during the 4th quarter worth approximately $523,000. Northern Trust Corp grew its stake in PSQ by 135.9% during the 4th quarter. Northern Trust Corp now owns 64,759 shares of the company's stock worth $294,000 after buying an additional 37,306 shares during the last quarter. Geode Capital Management LLC grew its stake in PSQ by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 217,202 shares of the company's stock worth $986,000 after buying an additional 18,017 shares during the last quarter. Merit Financial Group LLC purchased a new position in PSQ during the 1st quarter worth approximately $215,000. Finally, Harvest Investment Services LLC grew its stake in shares of PSQ by 108.4% in the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company's stock valued at $1,938,000 after purchasing an additional 222,041 shares during the last quarter. Hedge funds and other institutional investors own 17.32% of the company's stock.

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.