PSQ (NYSE:PSQH) Shares Down 3.8% – Here’s What Happened

PSQ Holdings, Inc. (NYSE:PSQH) shares traded down 3.8% during mid-day trading on Thursday . The company traded as low as $0.70 and last traded at $0.7150. 281,658 shares were traded during trading, a decline of 92% from the average session volume of 3,465,695 shares. The stock had previously closed at $0.7430.

Analyst Ratings Changes

Several research analysts have weighed in on PSQH shares. Roth Mkm reaffirmed a “buy” rating and issued a $3.50 target price on shares of PSQ in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.50.

PSQ Trading Down 3.8%

The company has a debt-to-equity ratio of 1.91, a current ratio of 2.54 and a quick ratio of 2.54. The company has a market capitalization of $33.06 million, a price-to-earnings ratio of -0.60 and a beta of 0.05. The business has a fifty day moving average price of $1.05 and a 200 day moving average price of $1.59.

Institutional Trading of PSQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC acquired a new position in PSQ during the second quarter worth $25,000. SBI Securities Co. Ltd. grew its holdings in shares of PSQ by 83.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock worth $25,000 after purchasing an additional 5,631 shares during the last quarter. Geode Capital Management LLC increased its position in shares of PSQ by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock worth $683,000 after purchasing an additional 38,391 shares in the last quarter. XTX Topco Ltd lifted its holdings in PSQ by 44.5% during the 2nd quarter. XTX Topco Ltd now owns 61,609 shares of the company’s stock valued at $126,000 after purchasing an additional 18,969 shares during the last quarter. Finally, Sepio Capital LP acquired a new position in PSQ in the second quarter valued at about $2,468,000. 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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.