Roth Mkm Cuts PSQ (NYSE:PSQH) Price Target to $3.50

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

PSQ Price Performance

NYSE:PSQH opened at $2.32 on Thursday. The stock has a fifty day moving average price of $2.66 and a 200 day moving average price of $3.06. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. PSQ has a 12-month low of $2.23 and a 12-month high of $6.82.

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

Insider Activity

In other PSQ news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the acquisition, the director now owns 1,203,704 shares in the company, valued at $3,250,000.80. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 32.11% of the company’s stock.

Hedge Funds Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC lifted its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,185 shares of the company’s stock after buying 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 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.