Maxim Group Initiates Coverage on PSQ (NYSE:PSQH)

Maxim Group began coverage on shares of PSQ (NYSE:PSQH) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $8.00 price target on the stock.

Separately, Roth Mkm cut their target price on PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Thursday, November 14th.

PSQ Price Performance

PSQ stock opened at $4.16 on Wednesday. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The company has a market capitalization of $144.61 million, a PE ratio of -3.30 and a beta of -0.27. PSQ has a one year low of $2.00 and a one year high of $7.77. The business has a 50 day simple moving average of $3.59 and a 200 day simple moving average of $3.10.

PSQ (NYSE:PSQH) last posted its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The company had revenue of $6.54 million for the quarter, compared to the consensus estimate 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 quarter last year, the business earned ($0.49) EPS. On average, sell-side analysts forecast that PSQ will post -1.59 EPS for the current fiscal year.

Insider Buying and Selling at PSQ

In other news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction dated Thursday, October 24th. The stock was bought at an average cost of $2.70 per share, with a total value of $3,250,000.80. Following the purchase, the director now owns 1,203,704 shares of the company’s stock, valued at approximately $3,250,000.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 1,209,235 shares of company stock worth $3,273,465. 32.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC grew its position in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 199,185 shares of the company’s stock after buying an additional 44,282 shares during the period. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 at the end of the most recent reporting period. 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.