PSQ (NYSE:PSQH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of PSQ (NYSE:PSQH – Free Report) from a sell rating to a hold rating in a research note released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PSQ in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.50.

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PSQ Price Performance

Shares of NYSE PSQH opened at $0.60 on Friday. The business’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $0.99. The company has a market cap of $29.25 million, a PE ratio of -0.74 and a beta of 0.39. The company has a quick ratio of 2.03, a current ratio of 1.69 and a debt-to-equity ratio of 3.42. PSQ has a twelve month low of $0.48 and a twelve month high of $2.84.

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

Institutional Investors Weigh In On PSQ

Several institutional investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. boosted its stake in shares of PSQ by 63.0% in the fourth 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 during the period. Vanguard Group Inc. lifted its stake in PSQ by 5.0% during the third 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 last quarter. Marshall Wace LLP lifted its stake in PSQ by 1,727.8% during the second quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock worth $1,784,000 after purchasing an additional 822,544 shares during the last quarter. Harvest Investment Services LLC lifted its stake in PSQ by 1.8% during the third quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock worth $1,246,000 after purchasing an additional 11,412 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in PSQ by 13.0% during the second 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 during the last quarter. 17.32% of the stock is currently owned by institutional investors.

Key PSQ News

Here are the key news stories impacting PSQ this week:

• Positive Sentiment: Wall Street Zen raised PSQ Holdings to Hold from Sell, suggesting the downside case may be less severe than before. PSQ (NYSE:PSQH) Raised to Hold at Wall Street Zen
• Neutral Sentiment: Insiders, including CFO James Rinn and CFO Michael Pena, sold shares over several days, but the filings say the trades were made to cover tax withholding tied to vesting equity awards, which makes them less concerning than discretionary selling.
• Negative Sentiment: The repeated insider sales may still hurt sentiment for a small-cap stock like PSQH, especially given the company’s weak profitability and recent earnings showing a deeply negative net margin and return on equity.

About PSQ

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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.

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