PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston Purchases 25,000 Shares of Stock

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston bought 25,000 shares of PSQ stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $2.05 per share, with a total value of $51,250.00. Following the acquisition, the director now directly owns 247,776 shares in the company, valued at approximately $507,940.80. This represents a 11.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PSQ Stock Performance

Shares of PSQH stock opened at $1.98 on Thursday. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. PSQ Holdings, Inc. has a fifty-two week low of $1.63 and a fifty-two week high of $7.77. The company has a market capitalization of $84.97 million, a P/E ratio of -1.57 and a beta of -0.10. The stock has a 50 day moving average price of $2.12 and a two-hundred day moving average price of $3.06.

PSQ (NYSE:PSQH) last announced its earnings results on Thursday, May 8th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.06. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The company had revenue of $6.75 million during the quarter, compared to the consensus estimate of $7.46 million. Analysts expect that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Analysts Set New Price Targets

PSQH has been the topic of several recent research reports. Maxim Group initiated coverage on PSQ in a research report on Wednesday, January 15th. They set a “buy” rating and a $8.00 price objective on the stock. Roth Mkm decreased their target price on shares of PSQ from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th.

Hedge Funds Weigh In On PSQ

A number of institutional investors have recently added to or reduced their stakes in PSQH. Man Group plc purchased a new stake in shares of PSQ in the 4th quarter worth about $77,000. Oxinas Partners Wealth Management LLC bought a new position in shares of PSQ during the fourth quarter valued at approximately $82,000. Toronto Dominion Bank purchased a new position in shares of PSQ during the fourth quarter valued at approximately $91,000. Squarepoint Ops LLC bought a new stake in shares of PSQ in the 4th quarter worth approximately $109,000. Finally, Leavell Investment Management Inc. purchased a new stake in shares of PSQ in the 4th quarter worth approximately $189,000. Institutional investors own 17.32% of the company’s stock.

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.