PSQ (NYSE:PSQH) Now Covered by Maxim Group

Maxim Group began coverage on shares of PSQ (NYSE:PSQH) in a research report sent to investors on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $8.00 target price on the stock.

Separately, Roth Mkm reduced their price objective on PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, November 14th.

PSQ Price Performance

Shares of NYSE PSQH opened at $4.16 on Wednesday. PSQ has a 1-year low of $2.00 and a 1-year high of $7.77. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The business’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $3.10. The firm has a market capitalization of $144.61 million, a PE ratio of -3.30 and a beta of -0.27.

PSQ (NYSE:PSQH) last announced its earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $6.52 million. During the same period in the prior year, the business earned ($0.49) EPS. On average, research analysts expect that PSQ will post -1.59 EPS for the current year.

Insider Activity

In other PSQ news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the acquisition, the director now directly owns 1,203,704 shares of the company’s stock, valued at $3,250,000.80. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have purchased 1,209,235 shares of company stock valued at $3,273,465. Insiders own 32.11% of the company’s stock.

Institutional Trading of PSQ

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

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.