PSQ (NYSE:PSQH) Stock Rating Upgraded by Wall Street Zen

PSQ (NYSE:PSQH) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.50.

PSQ Stock Down 0.3%

Shares of NYSE PSQH opened at $3.33 on Friday. The stock has a market capitalization of $10.82 million, a P/E ratio of -0.27 and a beta of 0.44. The stock’s fifty day moving average is $6.74 and its 200 day moving average is $9.59. PSQ has a 52 week low of $3.01 and a 52 week high of $42.60. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.69 and a current ratio of 1.69.

PSQ (NYSE:PSQH) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.80) earnings per share for the quarter, topping the consensus estimate of ($2.55) by $0.75. The business had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $7.19 million. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%.

Institutional Investors Weigh In On PSQ

A number of hedge funds and other institutional investors have recently bought and sold shares of PSQH. Caitong International Asset Management Co. Ltd raised its position in PSQ by 1,463.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after purchasing an additional 29,010 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of PSQ during the third quarter valued at about $34,000. HRT Financial LP acquired a new stake in shares of PSQ during the fourth quarter valued at about $45,000. Shay Capital LLC grew its holdings in shares of PSQ by 46.1% during the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock worth $58,000 after purchasing an additional 9,001 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of PSQ by 45.5% during 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 during the last quarter. Institutional investors 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.