PSQ (NYSE:PSQH) Upgraded to Hold at Wall Street Zen

PSQ (NYSE:PSQH) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.50.

PSQ Price Performance

PSQH stock opened at $3.33 on Friday. PSQ has a 52 week low of $3.01 and a 52 week high of $42.60. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42. The company has a fifty day simple moving average of $6.74 and a two-hundred day simple moving average of $9.64. The firm has a market capitalization of $10.82 million, a P/E ratio of -0.27 and a beta of 0.44.

PSQ (NYSE:PSQH) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.80) EPS for the quarter, topping analysts’ consensus estimates of ($2.55) by $0.75. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%. The business had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.19 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PSQH. Caitong International Asset Management Co. Ltd raised its stake in shares of PSQ by 1,463.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after acquiring an additional 29,010 shares during the period. Centiva Capital LP purchased a new position in shares of PSQ during the 3rd quarter worth about $34,000. HRT Financial LP bought a new position in PSQ during the 4th quarter valued at about $45,000. Shay Capital LLC grew its holdings in PSQ by 46.1% during the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after purchasing an additional 9,001 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew 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 valued at $61,000 after purchasing an additional 10,000 shares during the last quarter. 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.