PSQ (NYSE:PSQH) Stock Price Up 1.8% – Should You Buy?

PSQ Holdings, Inc. (NYSE:PSQH)’s share price rose 1.8% on Wednesday . The company traded as high as $1.13 and last traded at $1.0990. Approximately 273,529 shares traded hands during trading, a decline of 55% from the average daily volume of 608,236 shares. The stock had previously closed at $1.08.

Wall Street Analysts Forecast Growth

PSQH has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of PSQ in a report on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $3.50 target price on shares of PSQ in a research note on Thursday, October 30th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, PSQ has a consensus rating of “Moderate Buy” and an average target price of $5.17.

PSQ Stock Up 1.8%

The company has a 50-day moving average of $1.59 and a 200-day moving average of $1.89. The company has a market capitalization of $50.82 million, a price-to-earnings ratio of -0.92 and a beta of 0.04. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 1.91.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). PSQ had a negative return on equity of 184.74% and a negative net margin of 178.95%.The business had revenue of $4.40 million during the quarter, compared to analyst estimates of $3.86 million. On average, equities analysts predict that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PSQ news, insider Michael Robert Hebert sold 23,310 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $1.55, for a total transaction of $36,130.50. Following the sale, the insider owned 239,843 shares of the company’s stock, valued at approximately $371,756.65. The trade was a 8.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 36,062 shares of company stock valued at $55,896. 22.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PSQH. Sepio Capital LP acquired a new position in shares of PSQ in the 2nd quarter valued at $2,468,000. Marshall Wace LLP grew its stake in PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after purchasing an additional 822,544 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of PSQ in the first quarter valued at about $1,842,000. CIBC Bancorp USA Inc. acquired a new position in shares of PSQ in the third quarter valued at about $341,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of PSQ in the first quarter worth about $341,000. Hedge funds and other institutional investors own 17.32% of the company’s stock.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.