PSQ Target of Unusually Large Options Trading (NYSE:PSQH)

PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors purchased 2,739 call options on the company. This is an increase of 118% compared to the typical volume of 1,258 call options.

Insider Buying and Selling at PSQ

In related news, Director Willie Langston bought 27,000 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was bought at an average cost of $1.95 per share, with a total value of $52,650.00. Following the completion of the acquisition, the director now owns 274,776 shares in the company, valued at approximately $535,813.20. This represents a 10.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSQH. Man Group plc purchased a new position in shares of PSQ during the 4th quarter worth approximately $77,000. Toronto Dominion Bank purchased a new stake in PSQ in the 4th quarter worth approximately $91,000. XTX Topco Ltd purchased a new stake in PSQ in the 1st quarter worth approximately $98,000. Squarepoint Ops LLC purchased a new stake in PSQ in the 4th quarter worth approximately $109,000. Finally, Leavell Investment Management Inc. purchased a new stake in PSQ in the 4th quarter worth approximately $189,000. 17.32% of the stock is owned by hedge funds and other institutional investors.

PSQ Price Performance

Shares of PSQH traded down $0.21 during mid-day trading on Friday, reaching $2.16. 1,254,895 shares of the company's stock were exchanged, compared to its average volume of 1,496,737. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46. The company has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $2.99. PSQ has a 52-week low of $1.63 and a 52-week high of $7.77. The company has a market cap of $92.69 million, a price-to-earnings ratio of -1.71 and a beta of -0.10.

PSQ (NYSE:PSQH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.06. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The business had revenue of $6.75 million during the quarter, compared to analysts' expectations of $7.46 million. On average, sell-side analysts predict that PSQ will post -1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSQH. Wall Street Zen raised shares of PSQ from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Roth Mkm dropped their target price on shares of PSQ from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, March 20th.

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.