PSQ (NYSE:PSQH) CEO Michael Stephen Seifert Sells 7,938 Shares

PSQ Holdings, Inc. (NYSE:PSQH) CEO Michael Stephen Seifert sold 7,938 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $1.55, for a total transaction of $12,303.90. Following the transaction, the chief executive officer directly owned 126,812 shares of the company’s stock, valued at $196,558.60. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $1.55, for a total value of $7,461.70.

PSQ Stock Performance

NYSE:PSQH traded down $0.09 during mid-day trading on Monday, reaching $1.50. 1,390,696 shares of the company’s stock were exchanged, compared to its average volume of 791,132. The business’s fifty day simple moving average is $2.04 and its two-hundred day simple moving average is $2.04. The firm has a market capitalization of $69.13 million, a PE ratio of -1.25 and a beta of 0.01. 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 one year low of $1.42 and a one year high of $7.77.

PSQ (NYSE:PSQH) last released its earnings results on Thursday, November 6th. The company reported ($0.22) earnings per share (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 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%. Analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PSQ

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in shares of PSQ by 83.3% in the second quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock worth $25,000 after buying an additional 5,631 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in PSQ during the second quarter worth about $25,000. Coppell Advisory Solutions LLC bought a new position in PSQ in the 2nd quarter worth about $27,000. Centiva Capital LP purchased a new stake in shares of PSQ in the 3rd quarter valued at about $34,000. Finally, Shay Capital LLC boosted its position in shares of PSQ by 46.1% during the 2nd quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after acquiring an additional 9,001 shares during the last quarter. Hedge funds and other institutional investors own 17.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PSQH. Wall Street Zen lowered PSQ from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated 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 investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.17.

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.