Insider Buying: PSQ Holdings, Inc. (NYSE:PSQH) CFO Acquires $13,452.10 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) CFO Bradley Searle purchased 3,281 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average price of $4.10 per share, for a total transaction of $13,452.10. Following the completion of the purchase, the chief financial officer now directly owns 425,000 shares of the company’s stock, valued at $1,742,500. The trade was a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

PSQ Stock Up 3.9 %

PSQH opened at $4.29 on Friday. The stock has a market capitalization of $149.12 million, a P/E ratio of -3.40 and a beta of 0.17. 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 Holdings, Inc. has a one year low of $2.00 and a one year high of $7.77. The business’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $2.98.

PSQ (NYSE:PSQH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The firm had revenue of $6.54 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted ($0.49) EPS. Analysts anticipate that PSQ Holdings, Inc. will post -1.59 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC boosted its position in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,185 shares of the company’s stock after buying an additional 44,282 shares during the period. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.