Michael Stephen Seifert Buys 2,250 Shares of PSQ Holdings, Inc. (NYSE:PSQH) Stock

PSQ Holdings, Inc. (NYSE:PSQH) CEO Michael Stephen Seifert bought 2,250 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $4.45 per share, for a total transaction of $10,012.50. Following the purchase, the chief executive officer now owns 2,250 shares of the company’s stock, valued at $10,012.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

PSQ Price Performance

Shares of PSQ stock opened at $4.10 on Thursday. The company has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $2.97. PSQ Holdings, Inc. has a twelve month low of $2.00 and a twelve month high of $7.77. The stock has a market capitalization of $142.52 million, a price-to-earnings ratio of -3.25 and a beta of 0.17. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The company had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same quarter last year, the firm posted ($0.49) earnings per share. Analysts forecast that PSQ Holdings, Inc. will post -1.59 EPS for the current year.

Institutional Trading of PSQ

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

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their price objective on PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, November 14th.

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.