PSQ (NYSE:PSQH) Now Covered by Maxim Group

Maxim Group began coverage on shares of PSQ (NYSE:PSQH - Free Report) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $8.00 price target on the stock.

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

PSQ Trading Up 10.9 %

Shares of PSQ stock traded up $0.45 during trading hours on Wednesday, hitting $4.58. The company's stock had a trading volume of 2,159,643 shares, compared to its average volume of 1,494,355. The firm has a fifty day moving average of $3.61 and a 200-day moving average of $3.11. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. The stock has a market cap of $159.24 million, a price-to-earnings ratio of -3.64 and a beta of -0.27. PSQ has a twelve month low of $2.00 and a twelve month high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $6.54 million during the quarter, compared to analyst estimates of $6.52 million. During the same period in the previous year, the company earned ($0.49) EPS. Research analysts forecast that PSQ will post -1.54 EPS for the current year.

Insider Activity at PSQ

In other PSQ news, Director Kelly Lynn Loeffler bought 1,203,704 shares of PSQ stock in a transaction on Thursday, October 24th. The shares were bought at an average cost of $2.70 per share, for a total transaction of $3,250,000.80. Following the acquisition, the director now directly owns 1,203,704 shares in the company, valued at $3,250,000.80. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders bought 1,209,235 shares of company stock worth $3,273,465 in the last three months. 32.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC lifted its stake in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 28.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,185 shares of the company's stock after purchasing an additional 44,282 shares during the period. Geode Capital Management LLC owned about 0.63% of PSQ worth $490,000 at the end of the most recent quarter. Institutional investors 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.