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

Maxim Group assumed coverage on shares of PSQ (NYSE:PSQH - Free Report) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $8.00 target price on the stock.

Separately, Roth Mkm cut their target price on PSQ from $5.00 to $3.50 and set a "buy" rating for the company in a research note on Thursday, November 14th.

PSQ Price Performance

PSQH stock traded up $0.50 during midday trading on Wednesday, reaching $4.16. The company had a trading volume of 2,718,396 shares, compared to its average volume of 1,435,256. PSQ has a 1-year low of $2.00 and a 1-year high of $7.77. The stock has a 50 day moving average price of $3.59 and a 200-day moving average price of $3.10. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The company has a market capitalization of $144.61 million, a price-to-earnings ratio of -3.30 and a beta of -0.27.

PSQ (NYSE:PSQH - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS 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 firm had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. During the same period in the prior year, the business earned ($0.49) earnings per share. Equities research analysts expect that PSQ will post -1.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the business's stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the completion of the transaction, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders acquired 1,209,235 shares of company stock valued at $3,273,465. 32.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC raised its position in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 SEC filing. Institutional investors and hedge funds 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.