PSQ (NYSE:PSQH) Stock Price Up 0.8% – Here’s What Happened

PSQ Holdings, Inc. (NYSE:PSQH) rose 0.8% during mid-day trading on Tuesday . The company traded as high as $0.4041 and last traded at $0.4035. Approximately 187,981 shares changed hands during trading, a decline of 42% from the average daily volume of 322,185 shares. The stock had previously closed at $0.4001.

Analysts Set New Price Targets

Several analysts have recently commented on PSQH shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research report on Tuesday, April 21st. Wall Street Zen upgraded PSQ from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.50.

PSQ Price Performance

The company has a debt-to-equity ratio of 3.42, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $19.66 million, a price-to-earnings ratio of -0.50 and a beta of 0.38. The stock has a 50 day moving average price of $0.59 and a two-hundred day moving average price of $0.74.

PSQ (NYSE:PSQH) last announced its earnings results on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.19 million. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSQH. Centiva Capital LP acquired a new position in shares of PSQ in the third quarter valued at approximately $34,000. Shay Capital LLC increased its stake in PSQ by 46.1% during the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock worth $58,000 after buying an additional 9,001 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in PSQ by 1,463.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock worth $32,000 after buying an additional 29,010 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in PSQ by 45.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock worth $61,000 after buying an additional 10,000 shares in the last quarter. Finally, HRT Financial LP purchased a new position in PSQ in the 4th quarter valued at approximately $45,000. 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.