Roth Mkm Has Lowered Expectations for PSQ (NYSE:PSQH) Stock Price

PSQ (NYSE:PSQH) had its price target decreased by research analysts at Roth Mkm from $5.00 to $4.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 46.79% from the company’s current price.

Separately, Maxim Group began coverage on shares of PSQ in a research note on Wednesday, January 15th. They set a “buy” rating and a $8.00 price target on the stock.

PSQ Stock Down 0.5 %

PSQ stock traded down $0.02 during midday trading on Thursday, hitting $2.73. 176,932 shares of the stock were exchanged, compared to its average volume of 1,320,418. PSQ has a 1 year low of $2.00 and a 1 year high of $7.77. The firm has a market cap of $94.73 million, a P/E ratio of -2.16 and a beta of -0.21. 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 company has a 50 day moving average price of $3.47 and a two-hundred day moving average price of $3.23.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $7.21 million for the quarter, compared to analysts’ expectations of $7.47 million. On average, sell-side analysts predict that PSQ will post -1.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PSQH. Heights Capital Management Inc. acquired a new position in shares of PSQ in the 4th quarter valued at about $5,836,000. Alyeska Investment Group L.P. boosted its stake in PSQ by 121.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company’s stock valued at $8,588,000 after purchasing an additional 1,036,694 shares during the period. Spire Wealth Management acquired a new position in PSQ during the 4th quarter valued at about $1,072,000. Harvest Investment Services LLC boosted its stake in PSQ by 108.4% during the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock valued at $1,938,000 after purchasing an additional 222,041 shares during the period. Finally, Two Sigma Investments LP acquired a new position in PSQ during the 4th quarter valued at about $523,000. 17.32% of the stock is owned by institutional investors and hedge funds.

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.