Michael Robert Hebert Acquires 9,400 Shares of PSQ (NYSE:PSQH) Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Michael Robert Hebert purchased 9,400 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average cost of $1.61 per share, with a total value of $15,134.00. Following the completion of the purchase, the insider owned 252,876 shares of the company’s stock, valued at $407,130.36. The trade was a 3.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, November 13th, Michael Robert Hebert sold 23,310 shares of PSQ stock. The shares were sold at an average price of $1.55, for a total transaction of $36,130.50.

PSQ Price Performance

PSQH opened at $1.49 on Wednesday. The company has a fifty day moving average price of $2.03 and a two-hundred day moving average price of $2.04. The firm has a market capitalization of $68.67 million, a PE ratio of -1.24 and a beta of 0.01. PSQ Holdings, Inc. has a 52 week low of $1.42 and a 52 week high of $7.77. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.54 and a current ratio of 2.54.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of PSQ

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its stake in PSQ by 83.3% in the second quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock valued at $25,000 after buying an additional 5,631 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of PSQ during the second quarter worth $25,000. Coppell Advisory Solutions LLC acquired a new stake in shares of PSQ during the second quarter worth $27,000. Centiva Capital LP bought a new stake in PSQ in the 3rd quarter valued at $34,000. Finally, Shay Capital LLC boosted its stake in PSQ by 46.1% in the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock worth $58,000 after purchasing an additional 9,001 shares during the period. 17.32% of the stock is owned by institutional investors.

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.