Stock Traders Purchase High Volume of PSQ Call Options (NYSE:PSQH)

PSQ Holdings, Inc. (NYSE:PSQH) was the target of some unusual options trading activity on Tuesday. Stock traders bought 6,691 call options on the stock. This is an increase of approximately 5,087% compared to the average daily volume of 129 call options.

PSQ Trading Up 132.5 %

Shares of NYSE:PSQH traded up $2.73 during trading on Tuesday, reaching $4.79. 42,189,136 shares of the company were exchanged, compared to its average volume of 262,343. The business’s fifty day simple moving average is $2.55 and its 200-day simple moving average is $2.92. PSQ has a 12-month low of $2.00 and a 12-month high of $6.82. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The business had revenue of $6.54 million for the quarter, compared to the consensus estimate of $6.52 million. During the same quarter in the prior year, the business posted ($0.49) earnings per share. On average, equities analysts anticipate that PSQ will post -1.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at PSQ

In other PSQ news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the transaction, the director now owns 1,203,704 shares of the company’s stock, valued at $3,250,000.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 32.11% of the company’s stock.

Hedge Funds Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC increased its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the period. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 as of its most recent SEC filing. 17.32% of the stock is currently owned by institutional investors.

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.