PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston Buys 27,000 Shares

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston bought 27,000 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were bought at an average price of $1.95 per share, with a total value of $52,650.00. Following the completion of the purchase, the director now owns 274,776 shares in the company, valued at approximately $535,813.20. The trade was a 10.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Willie Langston also recently made the following trade(s):

• On Tuesday, May 13th, Willie Langston bought 25,000 shares of PSQ stock. The shares were bought at an average price of $2.05 per share, with a total value of $51,250.00.

PSQ Stock Down 1.0%

Shares of NYSE:PSQH opened at $1.95 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. PSQ Holdings, Inc. has a 12 month low of $1.63 and a 12 month high of $7.77. The company has a 50-day moving average price of $2.08 and a 200 day moving average price of $3.03. The company has a market cap of $83.68 million, a price-to-earnings ratio of -1.55 and a beta of -0.10.

PSQ (NYSE:PSQH) last announced its quarterly 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 net margin of 227.52% and a negative return on equity of 404.92%. The firm had revenue of $6.75 million during the quarter, compared to the consensus estimate of $7.46 million. As a group, equities research analysts predict that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Spire Wealth Management bought a new position in shares of PSQ in the 4th quarter valued at about $1,072,000. Geode Capital Management LLC raised its position in PSQ by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 217,202 shares of the company’s stock worth $986,000 after purchasing an additional 18,017 shares during the period. Harvest Investment Services LLC raised its position in PSQ by 108.4% in the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock worth $1,938,000 after purchasing an additional 222,041 shares during the period. Heights Capital Management Inc. purchased a new stake in PSQ in the 4th quarter worth about $5,836,000. Finally, Leavell Investment Management Inc. purchased a new stake in PSQ in the 4th quarter worth about $189,000. Institutional investors own 17.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their target price on shares of PSQ from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, March 20th.

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.