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

Stock analysts at Maxim Group assumed coverage on shares of PSQ (NYSE:PSQH) in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. Maxim Group’s price target would suggest a potential upside of 115.05% from the company’s previous close.

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

PSQ Price Performance

PSQH opened at $3.72 on Wednesday. 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 has a 1-year low of $2.00 and a 1-year high of $7.77. The company has a 50-day moving average of $3.57 and a 200-day moving average of $3.10. The company has a market capitalization of $129.31 million, a P/E ratio of -2.95 and a beta of -0.27.

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). 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 last year, the business posted ($0.49) EPS. Equities analysts expect that PSQ will post -1.59 EPS for the current fiscal year.

Insider Buying and Selling at PSQ

In other news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of PSQ stock in a transaction on 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have acquired 1,209,235 shares of company stock worth $3,273,465. Insiders own 32.11% of the company’s stock.

Institutional Investors Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC raised its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 17.32% of the company’s stock.

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.