PSQ Holdings, Inc. (NYSE:PSQH – Get Free Report) insider Dusty Wunderlich sold 17,517 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $0.59, for a total transaction of $10,335.03. Following the completion of the sale, the insider owned 109,592 shares of the company’s stock, valued at approximately $64,659.28. This trade represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Dusty Wunderlich also recently made the following trade(s):
- On Thursday, May 14th, Dusty Wunderlich sold 11,606 shares of PSQ stock. The shares were sold at an average price of $0.61, for a total transaction of $7,079.66.
- On Wednesday, May 13th, Dusty Wunderlich sold 11,645 shares of PSQ stock. The shares were sold at an average price of $0.66, for a total transaction of $7,685.70.
PSQ Price Performance
Shares of PSQH opened at $0.60 on Friday. The company has a market cap of $29.25 million, a price-to-earnings ratio of -0.74 and a beta of 0.39. PSQ Holdings, Inc. has a twelve month low of $0.48 and a twelve month high of $2.84. The company has a quick ratio of 2.03, a current ratio of 1.69 and a debt-to-equity ratio of 3.42. The company has a 50 day moving average of $0.64 and a two-hundred day moving average of $0.99.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PSQH. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of PSQ from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.50.
Institutional Trading of PSQ
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSQH. Geode Capital Management LLC lifted its position in PSQ by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock worth $683,000 after acquiring an additional 38,391 shares during the period. XTX Topco Ltd lifted its position in PSQ by 44.5% during the 2nd quarter. XTX Topco Ltd now owns 61,609 shares of the company’s stock worth $126,000 after acquiring an additional 18,969 shares during the period. Marshall Wace LLP lifted its position in PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock worth $1,784,000 after acquiring an additional 822,544 shares during the period. Shay Capital LLC increased its stake in shares of PSQ by 46.1% in the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock worth $58,000 after acquiring an additional 9,001 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in shares of PSQ in the second quarter worth $107,000. Institutional investors and hedge funds own 17.32% of the company’s stock.
PSQ News Roundup
Here are the key news stories impacting PSQ this week:
- Positive Sentiment: Wall Street Zen raised PSQ Holdings to Hold, which may signal that the stock’s downside is 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 sales were for tax withholding related to vested equity awards, which makes them less concerning than discretionary selling.
- Negative Sentiment: The cluster of insider sales may still weigh on sentiment because it can be interpreted as a lack of near-term confidence, especially for a small-cap stock with weak fundamentals and a recent earnings profile that remains deeply negative.
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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.
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