PSQ (NYSE:PSQH) Director Willie Langston Acquires 50,000 Shares

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston acquired 50,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was bought at an average price of $0.50 per share, for a total transaction of $25,000.00. Following the completion of the acquisition, the director owned 396,205 shares in the company, valued at approximately $198,102.50. The trade was a 14.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PSQ Trading Down 2.8%

Shares of PSQH stock traded down $0.01 during trading hours on Tuesday, hitting $0.49. The company had a trading volume of 506,373 shares, compared to its average volume of 1,144,370. The company’s fifty day moving average is $0.62 and its 200 day moving average is $0.84. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.69 and a quick ratio of 1.69. PSQ Holdings, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $2.84. The stock has a market capitalization of $23.88 million, a PE ratio of -0.61 and a beta of 0.38.

PSQ (NYSE:PSQH) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm had revenue of $8.16 million for the quarter, compared to analyst estimates of $7.19 million. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC grew its position in PSQ by 143.5% during the 4th quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock worth $130,000 after purchasing an additional 74,627 shares during the last quarter. Marshall Wace LLP grew its position in PSQ by 15.6% during the 4th quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock worth $738,000 after purchasing an additional 96,858 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in PSQ during the 3rd quarter worth $341,000. Harvest Investment Services LLC grew its position in PSQ by 1.8% during the 3rd 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, XTX Topco Ltd grew 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 purchasing an additional 18,969 shares during the last quarter. 17.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PSQH shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of PSQ in a report on Tuesday, April 21st. Wall Street Zen raised shares of PSQ from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.50.

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.