Insider Selling: PSQ (NYSE:PSQH) Insider Sells 23,310 Shares of Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Michael Robert Hebert sold 23,310 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $1.55, for a total value of $36,130.50. Following the transaction, the insider owned 239,843 shares in the company, valued at approximately $371,756.65. This represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Robert Hebert also recently made the following trade(s):

• On Friday, November 14th, Michael Robert Hebert acquired 9,400 shares of PSQ stock. The stock was acquired at an average price of $1.61 per share, for a total transaction of $15,134.00.

PSQ Trading Down 5.4%

Shares of PSQH traded down $0.09 during mid-day trading on Monday, hitting $1.50. 1,390,696 shares of the company’s stock traded hands, compared to its average volume of 791,132. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $69.13 million, a P/E ratio of -1.25 and a beta of 0.01. The business’s 50-day moving average price is $2.04 and its 200-day moving average price is $2.04. PSQ Holdings, Inc. has a 1 year low of $1.42 and a 1 year high of $7.77.

PSQ (NYSE:PSQH) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.06). The business had revenue of $4.40 million during the quarter, compared to analysts’ expectations of $3.86 million. PSQ had a negative return on equity of 184.74% and a negative net margin of 178.95%. As a group, sell-side analysts forecast that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On PSQ

A number of institutional investors and hedge funds have recently made changes to their positions in PSQH. Harvest Investment Services LLC lifted its holdings in shares of PSQ by 1.8% during the third quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock valued at $1,246,000 after purchasing an additional 11,412 shares during the last quarter. Alyeska Investment Group L.P. increased its position in PSQ by 0.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,368,764 shares of the company’s stock valued at $4,524,000 after buying an additional 14,525 shares in the last quarter. Centiva Capital LP bought a new position in PSQ during the 3rd quarter valued at approximately $34,000. Bridgeway Capital Management LLC raised its stake in PSQ by 45.5% during the third quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after buying an additional 10,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in PSQ by 5.0% in the third quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company’s stock worth $2,625,000 after acquiring an additional 65,696 shares in the last quarter. Institutional investors own 17.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of PSQ from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PSQ in a research note on Wednesday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating and set a $3.50 price objective on shares of PSQ in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.17.

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.