Roth Mkm Lowers PSQ (NYSE:PSQH) Price Target to $4.00

PSQ (NYSE:PSQH - Get Free Report) had its price target decreased by analysts at Roth Mkm from $5.00 to $4.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Roth Mkm's target price indicates a potential upside of 45.99% from the company's previous close.

Separately, Maxim Group began coverage on shares of PSQ in a research note on Wednesday, January 15th. They set a "buy" rating and a $8.00 target price on the stock.

PSQ Stock Performance

Shares of PSQH traded up $0.08 on Thursday, reaching $2.74. The company's stock had a trading volume of 337,221 shares, compared to its average volume of 1,329,499. The stock's 50 day simple moving average is $3.42 and its two-hundred day simple moving average is $3.23. 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 stock has a market capitalization of $117.58 million, a P/E ratio of -2.17 and a beta of -0.21. PSQ has a 12-month low of $2.00 and a 12-month high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.06). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The business had revenue of $7.21 million for the quarter, compared to the consensus estimate of $7.47 million. Research analysts forecast that PSQ will post -1.54 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On PSQ

Large investors have recently made changes to their positions in the business. Man Group plc bought a new stake in PSQ during the 4th quarter valued at approximately $77,000. Oxinas Partners Wealth Management LLC purchased a new position in shares of PSQ in the fourth quarter worth $82,000. Geode Capital Management LLC boosted its position in shares of PSQ by 9.0% during the fourth quarter. Geode Capital Management LLC now owns 217,202 shares of the company's stock worth $986,000 after acquiring an additional 18,017 shares during the last quarter. Toronto Dominion Bank purchased a new position in PSQ during the fourth quarter valued at $91,000. Finally, Squarepoint Ops LLC purchased a new stake in PSQ in the 4th quarter worth $109,000. 17.32% of the stock is currently owned by hedge funds and other 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.