PSQ (NYSE:PSQH) Price Target Cut to $3.50 by Analysts at Roth Mkm

PSQ (NYSE:PSQH) had its price objective lowered by Roth Mkm from $5.00 to $3.50 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

PSQ Price Performance

Shares of PSQ stock opened at $2.32 on Thursday. The business has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $3.06. PSQ has a 12 month low of $2.23 and a 12 month high of $6.82. The stock has a market capitalization of $72.82 million, a P/E ratio of -1.84 and a beta of 0.34. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72.

PSQ (NYSE:PSQH) last announced its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The firm had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. During the same period in the previous year, the company earned ($0.49) EPS. As a group, analysts predict that PSQ will post -1.59 EPS for the current fiscal year.

Insider Activity

In related news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the completion of the transaction, the director now directly owns 1,203,704 shares of the company’s stock, valued at approximately $3,250,000.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 32.11% of the company’s stock.

Institutional Investors Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC grew its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the period. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 17.32% of the stock is currently owned by hedge funds and other institutional investors.

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.