Maxim Group Initiates Coverage on PSQ (NYSE:PSQH)

Analysts at Maxim Group initiated coverage on shares of PSQ (NYSE:PSQH) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $8.00 price target on the stock. Maxim Group’s target price indicates a potential upside of 74.63% from the company’s current price.

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

PSQ Trading Up 10.9 %

Shares of NYSE:PSQH opened at $4.58 on Wednesday. The company has a market cap of $159.24 million, a PE ratio of -3.64 and a beta of -0.27. The company’s 50 day moving average is $3.61 and its two-hundred day moving average is $3.11. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. PSQ has a 52 week low of $2.00 and a 52 week high of $7.77.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The company had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. During the same period in the previous year, the business posted ($0.49) EPS. Equities analysts predict that PSQ will post -1.54 earnings per share for the current fiscal year.

Insider Buying and Selling at PSQ

In related news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was bought at an average cost of $2.70 per share, with a total value of $3,250,000.80. Following the completion of the acquisition, the director now owns 1,203,704 shares in the company, valued at approximately $3,250,000.80. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 1,209,235 shares of company stock valued at $3,273,465. 32.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC lifted its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. Institutional investors own 17.32% of the company’s stock.

PSQ Company Profile

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.