PSQ (NYSE:PSQH) Insider Sells $10,335.03 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Dusty Wunderlich sold 17,517 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $0.59, for a total value of $10,335.03. Following the transaction, the insider owned 109,592 shares in the company, valued at approximately $64,659.28. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was 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 stock was sold at an average price of $0.66, for a total transaction of $7,685.70.

PSQ Price Performance

PSQ stock traded down $0.02 during trading hours on Friday, reaching $0.60. 623,660 shares of the stock were exchanged, compared to its average volume of 364,965. The company has a market cap of $29.25 million, a P/E ratio of -0.74 and a beta of 0.39. The company has a current ratio of 1.69, a quick ratio of 2.03 and a debt-to-equity ratio of 3.42. PSQ Holdings, Inc. has a twelve month low of $0.48 and a twelve month high of $2.84. The stock has a 50 day moving average of $0.64 and a two-hundred day moving average of $0.99.

PSQ (NYSE:PSQH) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.12) earnings per share (EPS) 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 net margin of 143.15% and a negative return on equity of 217.16%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PSQH shares. Wall Street Zen upgraded PSQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. raised its stake in PSQ by 63.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock worth $3,978,000 after acquiring an additional 1,493,338 shares in the last quarter. Vanguard Group Inc. raised 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 acquiring an additional 65,696 shares in the last quarter. Marshall Wace LLP raised 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 acquiring an additional 822,544 shares in the last quarter. Harvest Investment Services LLC raised 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 acquiring an additional 11,412 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 buying an additional 38,391 shares during the last quarter. Institutional investors and hedge funds own 17.32% of the company’s stock.

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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.