PSQ (NYSE:PSQH) Rating Increased to Hold at Wall Street Zen

PSQ (NYSE:PSQH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Separately, Roth Mkm cut their price target 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 Up 0.8%

Shares of PSQH traded up $0.02 during trading hours on Friday, hitting $2.41. The company had a trading volume of 320,736 shares, compared to its average volume of 1,571,745. The company has a current ratio of 4.52, a quick ratio of 4.24 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $103.41 million, a PE ratio of -1.58 and a beta of -0.02. PSQ has a one year low of $1.63 and a one year high of $7.77. The company's fifty day moving average price is $2.19 and its two-hundred day moving average price is $2.68.

PSQ (NYSE:PSQH - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts forecast that PSQ will post -1.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PSQ news, Director Willie Langston purchased 27,000 shares of the company's stock in a transaction dated 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 completion of the purchase, the director owned 274,776 shares of the company's stock, valued at approximately $535,813.20. The trade was 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 the SEC website. Company insiders own 22.06% of the company's stock.

Hedge Funds Weigh In On PSQ

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased 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 valued at $986,000 after purchasing an additional 18,017 shares in the last quarter. Heights Capital Management Inc. purchased a new stake in shares of PSQ during the fourth quarter valued at $5,836,000. Harvest Investment Services LLC increased its position 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 acquiring an additional 222,041 shares during the period. Northern Trust Corp raised 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 acquiring an additional 37,306 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in PSQ during the 4th quarter worth about $367,000. 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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