Roth Mkm Cuts PSQ (NYSE:PSQH) Price Target to $4.00

PSQ (NYSE:PSQH) had its price target trimmed by Roth Mkm from $5.00 to $4.00 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Maxim Group initiated coverage on shares of PSQ in a research note on Wednesday, January 15th. They set a “buy” rating and a $8.00 target price for the company.

PSQ Stock Performance

NYSE PSQH opened at $2.67 on Thursday. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. PSQ has a 1 year low of $2.00 and a 1 year high of $7.77. The company has a market capitalization of $92.64 million, a PE ratio of -2.12 and a beta of -0.21. The company has a fifty day moving average of $3.42 and a two-hundred day moving average of $3.23.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The company had revenue of $7.21 million during the quarter, compared to analyst estimates of $7.47 million. As a group, analysts expect that PSQ will post -1.54 earnings per share for the current year.

Institutional Investors Weigh In On PSQ

Several hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new stake in shares of PSQ during the fourth quarter worth about $91,000. Squarepoint Ops LLC acquired a new stake in PSQ in the fourth quarter valued at about $109,000. Two Sigma Investments LP acquired a new stake in PSQ in the fourth quarter valued at about $523,000. Man Group plc acquired a new stake in PSQ in the fourth quarter valued at about $77,000. Finally, Alyeska Investment Group L.P. lifted its position in PSQ by 121.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company’s stock valued at $8,588,000 after purchasing an additional 1,036,694 shares during the period. Institutional investors and hedge funds own 17.32% of the company’s stock.

PSQ Company Profile

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.