Insider Buying: PSQ (NYSE:PSQH) Director Buys $25,000.00 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston purchased 50,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was bought at an average price of $0.50 per share, for a total transaction of $25,000.00. Following the purchase, the director owned 396,205 shares in the company, valued at approximately $198,102.50. This represents a 14.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PSQ Stock Up 4.2%

Shares of PSQH stock opened at $0.51 on Friday. The stock has a market cap of $24.67 million, a P/E ratio of -0.62 and a beta of 0.38. PSQ Holdings, Inc. has a 52 week low of $0.48 and a 52 week high of $2.84. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 3.42. The company’s fifty day simple moving average is $0.62 and its two-hundred day simple moving average is $0.83.

PSQ (NYSE:PSQH) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $8.16 million for the quarter, compared to analysts’ expectations of $7.19 million. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%.

Institutional Trading of PSQ

Several hedge funds have recently made changes to their positions in PSQH. Alyeska Investment Group L.P. raised its position in shares of PSQ by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock valued at $3,978,000 after buying an additional 1,493,338 shares in the last quarter. Marshall Wace LLP raised its position in shares of PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock valued at $1,784,000 after buying an additional 822,544 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of PSQ during the 3rd quarter valued at about $341,000. Corient Private Wealth LLC raised its position in PSQ by 143.5% in the 4th quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock worth $130,000 after purchasing an additional 74,627 shares during the period. Finally, Vanguard Group Inc. raised its position in PSQ by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company’s stock worth $2,625,000 after purchasing an additional 65,696 shares during the period. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on PSQH shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of PSQ in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of PSQ from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.50.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.