PSQ (NYSE:PSQH) Price Target Cut to $3.50 by Analysts at Roth Mkm

PSQ (NYSE:PSQH) had its price objective dropped by Roth Mkm from $5.00 to $3.50 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target indicates a potential upside of 50.86% from the company’s current price.

PSQ Price Performance

Shares of NYSE:PSQH opened at $2.32 on Thursday. The company has a market cap of $72.82 million, a price-to-earnings ratio of -1.84 and a beta of 0.34. The business has a 50 day moving average price of $2.66 and a 200 day moving average price of $3.07. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46. PSQ has a twelve month low of $2.23 and a twelve month high of $6.82.

PSQ (NYSE:PSQH) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The business had revenue of $6.54 million during the quarter, compared to the consensus estimate 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 posted ($0.49) earnings per share. Research analysts predict that PSQ will post -1.62 earnings per share for the current year.

Insider Activity

In other PSQ news, Director Kelly Lynn Loeffler purchased 1,203,704 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC boosted its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,185 shares of the company’s stock after buying an additional 44,282 shares during the quarter. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 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.