PSQ (NYSE:PSQH) Posts Quarterly Earnings Results, Misses Estimates By $0.49 EPS

PSQ (NYSE:PSQHGet Free Report) released its earnings results on Tuesday. The company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($1.05) by ($0.49), FiscalAI reports. The business had revenue of $7.13 million for the quarter, compared to the consensus estimate of $7.50 million. PSQ had a negative net margin of 132.73% and a negative return on equity of 237.84%.

PSQ Trading Down 0.7%

NYSE PSQH traded down $0.03 on Thursday, hitting $4.12. The company’s stock had a trading volume of 23,194 shares, compared to its average volume of 80,084. PSQ has a 52-week low of $2.95 and a 52-week high of $42.60. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.42. The company’s 50-day simple moving average is $5.95 and its 200 day simple moving average is $8.87. The firm has a market cap of $13.39 million, a P/E ratio of -0.38 and a beta of 0.46.

Hedge Funds Weigh In On PSQ

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of PSQ to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PSQ in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $52.50.

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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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Earnings History for PSQ (NYSE:PSQH)

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