Michael Stephen Seifert Purchases 7,143 Shares of PSQ (NYSE:PSQH) Stock

PSQ Holdings, Inc. (NYSE:PSQH) CEO Michael Stephen Seifert acquired 7,143 shares of PSQ stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average price of $1.40 per share, with a total value of $10,000.20. Following the transaction, the chief executive officer directly owned 133,955 shares in the company, valued at approximately $187,537. This trade represents a 5.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael Stephen Seifert also recently made the following trade(s):

• On Thursday, November 13th, Michael Stephen Seifert sold 4,814 shares of PSQ stock. The stock was sold at an average price of $1.55, for a total value of $7,461.70.
• On Thursday, November 13th, Michael Stephen Seifert sold 7,938 shares of PSQ stock. The shares were sold at an average price of $1.55, for a total transaction of $12,303.90.

PSQ Stock Performance

Shares of PSQH traded down $0.05 during midday trading on Monday, hitting $1.26. 630,209 shares of the stock traded hands, compared to its average volume of 1,037,731. The business’s 50 day moving average price is $1.91 and its two-hundred day moving average price is $2.01. The firm has a market capitalization of $58.03 million, a PE ratio of -1.05 and a beta of 0.04. 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 Holdings, Inc. has a 1-year low of $1.23 and a 1-year high of $7.77.

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

Analyst Ratings Changes

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

Institutional Trading of PSQ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. grew its position in PSQ by 0.6% in the third quarter. Alyeska Investment Group L.P. now owns 2,368,764 shares of the company’s stock worth $4,524,000 after buying an additional 14,525 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PSQ by 5.0% in the 3rd 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 during the last quarter. Sepio Capital LP acquired a new stake in shares of PSQ during the second quarter worth $2,468,000. Marshall Wace LLP lifted its holdings in shares of PSQ by 1,727.8% during the second quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after purchasing an additional 822,544 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in PSQ in the 1st quarter worth about $1,842,000. 17.32% of the stock is owned by institutional investors and hedge funds.

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.