PSQ (NYSE:PSQH) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• PSQ Holdings, Inc. reported a quarterly earnings per share (EPS) of ($0.18), exceeding the consensus estimate of ($0.27) by $0.09.
• The company's stock price rose to $2.00 after the earnings announcement, with a trading volume of 1,144,540 shares, significantly above its average volume.
• Director Willie Langston increased his position in PSQH by purchasing 27,000 shares at an average price of $1.95 each, reflecting a 10.90% increase in ownership.

PSQ (NYSE:PSQH - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.09, Zacks reports. PSQ had a negative net margin of 187.14% and a negative return on equity of 259.58%.

PSQ Stock Performance

Shares of PSQH traded up $0.04 during mid-day trading on Tuesday, reaching $2.00. 1,144,540 shares of the company's stock were exchanged, compared to its average volume of 885,526. 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 stock has a market capitalization of $85.82 million, a PE ratio of -1.31 and a beta of -0.02. The business's fifty day simple moving average is $2.18 and its 200-day simple moving average is $2.41. PSQ has a 52-week low of $1.63 and a 52-week high of $7.77.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of PSQ from a "hold" rating to a "sell" rating in a research note on Saturday.

Insider Activity

In other news, Director Willie Langston purchased 27,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were acquired at an average price of $1.95 per share, for a total transaction of $52,650.00. Following the acquisition, the director directly owned 274,776 shares in the company, valued at approximately $535,813.20. The trade was a 10.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 32.11% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC grew its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 333,355 shares of the company's stock after purchasing an additional 38,391 shares during the period. Geode Capital Management LLC owned 0.78% of PSQ worth $683,000 as of its most recent SEC filing. 17.32% of the stock is owned by hedge funds and other institutional investors.

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.

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