Key Points
- PSQ Holdings director Willie Langston bought 50,000 shares on June 8 at $0.50 each, spending $25,000 and increasing his stake by 14.44% to 396,205 shares.
- PSQ stock was trading near its 52-week low at $0.49, with a market cap of $23.88 million and a debt-to-equity ratio of 3.42.
- The company recently reported quarterly earnings of -$0.12 per share, beating estimates, while revenue of $8.16 million also came in above expectations.
PSQ Holdings, Inc. (NYSE:PSQH - Get Free Report) Director Willie Langston acquired 50,000 shares of the stock in a transaction on Monday, June 8th. The shares were purchased at an average cost of $0.50 per share, with a total value of $25,000.00. Following the transaction, the director directly owned 396,205 shares of the company's stock, valued at approximately $198,102.50. This trade represents a 14.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
PSQ Stock Performance
Shares of PSQ stock opened at $0.49 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $23.88 million, a P/E ratio of -0.61 and a beta of 0.38. The business has a fifty day simple moving average of $0.62 and a two-hundred day simple moving average of $0.84. PSQ Holdings, Inc. has a 12 month low of $0.48 and a 12 month high of $2.84.
PSQ (NYSE:PSQH - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.The business had revenue of $8.16 million during the quarter, compared to analyst estimates of $7.19 million.
Institutional Investors Weigh In On PSQ
Several large investors have recently bought and sold shares of PSQH. Caitong International Asset Management Co. Ltd increased its holdings in PSQ by 1,463.7% in 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. Centiva Capital LP bought a new stake in PSQ in the 3rd quarter worth about $34,000. HRT Financial LP bought a new stake in PSQ in the 4th quarter worth about $45,000. Shay Capital LLC increased its holdings in PSQ by 46.1% in 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 in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in PSQ by 45.5% in 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. 17.32% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded PSQ from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings restated a "sell (e+)" rating on shares of PSQ in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $3.50.
View Our Latest Analysis on PSQ
PSQ Company Profile
(
Get Free Report)
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.
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