PSQ (NYSE:PSQH) Releases Earnings Results, Misses Expectations By $0.49 EPS

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

PSQ Price Performance

NYSE PSQH traded up $0.01 during midday trading on Tuesday, hitting $4.41. The company had a trading volume of 16,584 shares, compared to its average volume of 80,043. The firm has a 50-day moving average price of $6.14 and a 200-day moving average price of $9.04. The company has a market capitalization of $14.33 million, a PE ratio of -0.40 and a beta of 0.47. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 3.42. PSQ has a twelve month low of $2.95 and a twelve month high of $42.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Centiva Capital LP acquired a new position in PSQ in the third quarter valued at about $34,000. HRT Financial LP acquired a new stake in PSQ during the fourth quarter worth about $45,000. Shay Capital LLC grew its stake in 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 buying an additional 9,001 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in PSQ by 45.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after buying an additional 10,000 shares during the period. Finally, Corient Private Wealth LLC bought a new position in PSQ in the 2nd quarter valued at about $107,000. Institutional investors own 17.32% of the company’s stock.

Wall Street Analyst Weigh In

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

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.