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PSQ (NYSE:PSQH) Earns Sell (E+) Rating from Weiss Ratings

PSQ logo with Retail/Wholesale background

Key Points

  • PSQ Holdings, Inc. has received a sell (E+) rating from Weiss Ratings, indicating a negative outlook from analysts.
  • PSQ's stock has experienced a recent downgrade from a "hold" to a sell rating by Wall Street Zen, with analysts giving it an average rating of "Hold" and a consensus target price of $6.00.
  • Despite reporting earnings that slightly exceeded estimates, PSQ posted a negative return on equity of -224.55% and a net margin of -169.29%, highlighting significant operational challenges.
  • Five stocks to consider instead of PSQ.

PSQ (NYSE:PSQH - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered PSQ from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $6.00.

Check Out Our Latest Stock Report on PSQH

PSQ Stock Performance

Shares of PSQH stock opened at $2.12 on Wednesday. The firm has a market capitalization of $97.33 million and a price-to-earnings ratio of -1.57. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.97 and a quick ratio of 2.73. The business has a fifty day moving average of $1.93 and a 200 day moving average of $2.05. PSQ has a 1 year low of $1.55 and a 1 year high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.09. The company had revenue of $7.08 million during the quarter, compared to analyst estimates of $9.11 million. PSQ had a negative return on equity of 224.55% and a negative net margin of 169.29%. As a group, research analysts expect that PSQ will post -1.54 earnings per share for the current year.

Hedge Funds Weigh In On PSQ

A number of institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its position in shares of PSQ by 83.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company's stock valued at $25,000 after acquiring an additional 5,631 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of PSQ during the 2nd quarter valued at about $25,000. Coppell Advisory Solutions LLC acquired a new stake in shares of PSQ during the 2nd quarter valued at about $27,000. Shay Capital LLC grew its position in shares of PSQ by 46.1% during the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company's stock valued at $58,000 after acquiring an additional 9,001 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of PSQ during the 1st quarter valued at about $98,000. Hedge funds and other institutional investors own 17.32% of the company's stock.

About PSQ

(Get Free Report)

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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