PSQ (NYSE:PSQH) Now Covered by Analysts at Maxim Group

Maxim Group assumed coverage on shares of PSQ (NYSE:PSQH) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $8.00 price objective on the stock.

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

PSQ Price Performance

Shares of NYSE PSQH opened at $4.65 on Wednesday. PSQ has a twelve month low of $2.00 and a twelve month high of $7.77. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. The firm has a 50-day moving average of $3.64 and a two-hundred day moving average of $3.12. The company has a market capitalization of $161.67 million, a price-to-earnings ratio of -3.69 and a beta of -0.27.

PSQ (NYSE:PSQH) last released 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 business had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same period in the prior year, the company earned ($0.49) earnings per share. As a group, analysts expect that PSQ will post -1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were 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 directly owns 1,203,704 shares in the company, valued at $3,250,000.80. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought a total of 1,209,235 shares of company stock worth $3,273,465 over the last ninety days. 32.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PSQ stock. Oxinas Partners Wealth Management LLC acquired a new position in shares of PSQ Holdings, Inc. (NYSE:PSQH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,000 shares of the company’s stock, valued at approximately $82,000. Oxinas Partners Wealth Management LLC owned 0.05% of PSQ at the end of the most recent quarter. 17.32% of the stock is currently owned by institutional investors and hedge funds.

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.