Roth Mkm Issues Pessimistic Forecast for PSQ (NYSE:PSQH) Stock Price

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

PSQ Trading Down 5.7 %

Shares of PSQ stock opened at $2.32 on Thursday. The firm has a market capitalization of $72.82 million, a price-to-earnings ratio of -1.84 and a beta of 0.34. PSQ has a fifty-two week low of $2.23 and a fifty-two week high of $6.82. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. The stock has a 50 day moving average of $2.66 and a 200 day moving average of $3.06.

PSQ (NYSE:PSQH) last released its quarterly 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 return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. During the same quarter last year, the company earned ($0.49) earnings per share. As a group, research analysts predict that PSQ will post -1.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC increased its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the period. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. 17.32% of the stock is owned by institutional investors.

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.