Insider Buying: PSQ (NYSE:PSQH) Insider Purchases $15,134.00 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Michael Robert Hebert purchased 9,400 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $1.61 per share, with a total value of $15,134.00. Following the purchase, the insider directly owned 252,876 shares of the company’s stock, valued at $407,130.36. The trade was a 3.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Robert Hebert also recently made the following trade(s):

• On Thursday, November 13th, Michael Robert Hebert sold 23,310 shares of PSQ stock. The stock was sold at an average price of $1.55, for a total transaction of $36,130.50.

PSQ Stock Performance

NYSE:PSQH opened at $1.42 on Thursday. PSQ Holdings, Inc. has a 12 month low of $1.38 and a 12 month high of $7.77. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market capitalization of $65.43 million, a PE ratio of -1.18 and a beta of 0.01. The business’s fifty day moving average price is $2.02 and its 200 day moving average price is $2.04.

PSQ (NYSE:PSQH) last issued its earnings results on Thursday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). The business had revenue of $4.40 million for the quarter, compared to analyst estimates of $3.86 million. PSQ had a negative return on equity of 184.74% and a negative net margin of 178.95%. On average, sell-side analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $3.50 price target on shares of PSQ in a research report on Thursday, October 30th. Wall Street Zen downgraded PSQ from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of PSQ in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.17.

Institutional Investors Weigh In On PSQ

Hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC purchased a new position in PSQ during the second quarter worth approximately $25,000. SBI Securities Co. Ltd. increased its holdings in shares of PSQ by 83.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 12,390 shares of the company’s stock worth $25,000 after buying an additional 5,631 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of PSQ in the 2nd quarter worth $27,000. Centiva Capital LP acquired a new position in PSQ in the third quarter valued at $34,000. Finally, Shay Capital LLC grew its position in PSQ by 46.1% during the second quarter. Shay Capital LLC now owns 28,516 shares of the company’s stock valued at $58,000 after acquiring an additional 9,001 shares during the period. 17.32% of the stock is owned by institutional investors and hedge funds.

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.