PSQ (NYSE:PSQH) Shares Down 3.1% – Time to Sell?

Shares of PSQ Holdings, Inc. (NYSE:PSQH) traded down 3.1% during trading on Thursday . The stock traded as low as $1.99 and last traded at $2.0050. 673,869 shares traded hands during trading, a decline of 52% from the average session volume of 1,398,834 shares. The stock had previously closed at $2.07.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of PSQ from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PSQ in a research report on Wednesday, October 8th. Finally, Roth Capital reissued a “buy” rating and set a $3.50 price objective on shares of PSQ in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PSQ currently has a consensus rating of “Moderate Buy” and an average price target of $5.17.

PSQ Price Performance

The firm has a 50 day moving average price of $2.00 and a 200 day moving average price of $2.05. The stock has a market capitalization of $92.05 million and a PE ratio of -1.49. The company has a current ratio of 2.97, a quick ratio of 2.73 and a debt-to-equity ratio of 1.27.

PSQ (NYSE:PSQH) last released its earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.09. The company had revenue of $7.08 million during the quarter, compared to analyst estimates of $9.11 million. PSQ had a negative net margin of 169.29% and a negative return on equity of 224.55%. Research analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Institutional Trading of PSQ

Institutional investors and hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of PSQ during the 1st quarter valued at $341,000. Belpointe Asset Management LLC bought a new stake in shares of PSQ during the 1st quarter valued at $1,842,000. XTX Topco Ltd bought a new stake in shares of PSQ during the 1st quarter valued at $98,000. OMERS ADMINISTRATION Corp bought a new stake in shares of PSQ during the 1st quarter valued at $267,000. Finally, Geode Capital Management LLC raised 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 valued at $683,000 after purchasing an additional 38,391 shares during the period. 17.32% of the stock is currently owned by institutional investors.

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.