PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston Purchases 25,000 Shares

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston acquired 25,000 shares of PSQ stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $2.05 per share, with a total value of $51,250.00. Following the completion of the purchase, the director now owns 247,776 shares in the company, valued at $507,940.80. This represents a 11.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

PSQ Trading Down 7.9%

Shares of NYSE:PSQH opened at $1.98 on Thursday. The stock’s 50-day simple moving average is $2.12 and its two-hundred day simple moving average is $3.06. The stock has a market capitalization of $84.97 million, a price-to-earnings ratio of -1.57 and a beta of -0.10. PSQ Holdings, Inc. has a 52-week low of $1.63 and a 52-week high of $7.77. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90.

PSQ (NYSE:PSQH) last announced its earnings results on Thursday, May 8th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.06. The business had revenue of $6.75 million during the quarter, compared to analysts’ expectations of $7.46 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. Analysts expect that PSQ Holdings, Inc. will post -1.54 EPS for the current year.

Analysts Set New Price Targets

PSQH has been the subject of a number of recent analyst reports. Maxim Group assumed coverage on shares of PSQ in a report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 price objective for the company. Roth Mkm decreased their price target on PSQ from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, March 20th.

Hedge Funds Weigh In On PSQ

Institutional investors and hedge funds have recently bought and sold shares of the stock. Man Group plc purchased a new stake in PSQ in the fourth quarter worth about $77,000. Oxinas Partners Wealth Management LLC bought a new position in shares of PSQ during the 4th quarter valued at approximately $82,000. Toronto Dominion Bank purchased a new stake in PSQ in the 4th quarter worth approximately $91,000. Squarepoint Ops LLC bought a new stake in PSQ during the 4th quarter worth approximately $109,000. Finally, Leavell Investment Management Inc. purchased a new position in PSQ during the fourth quarter valued at approximately $189,000. 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.