PSQ (NYSE:PSQH) Announces Earnings Results

PSQ (NYSE:PSQH) released its quarterly earnings data on Tuesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06), FiscalAI reports. The company had revenue of $7.33 million for the quarter. PSQ had a negative return on equity of 184.74% and a negative net margin of 178.95%.

PSQ Stock Up 2.5%

NYSE PSQH opened at $0.65 on Tuesday. The stock’s 50 day simple moving average is $0.83 and its 200 day simple moving average is $1.40. PSQ has a one year low of $0.59 and a one year high of $2.88. The firm has a market cap of $29.85 million, a PE ratio of -0.54 and a beta of 0.08. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.54 and a quick ratio of 2.54.

Institutional Trading of PSQ

Several large investors have recently made changes to their positions in the business. Shay Capital LLC raised its holdings in shares of PSQ by 46.1% in the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after buying an additional 9,001 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in PSQ by 45.5% during the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock worth $61,000 after acquiring an additional 10,000 shares during the last quarter. Harvest Investment Services LLC lifted its stake in shares of PSQ by 1.8% in the 3rd quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock valued at $1,246,000 after purchasing an additional 11,412 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of PSQ by 0.6% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,368,764 shares of the company’s stock worth $4,524,000 after purchasing an additional 14,525 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of PSQ in the 3rd quarter worth $34,000. Institutional investors own 17.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.