PSQ (NYSE:PSQH) Director Willie Langston Acquires 50,000 Shares of Stock

PSQ Holdings, Inc. (NYSE:PSQH) Director Willie Langston acquired 50,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were bought at an average cost of $0.50 per share, with a total value of $25,000.00. Following the purchase, the director owned 396,205 shares of the company’s stock, valued at approximately $198,102.50. This trade represents a 14.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PSQ Stock Performance

NYSE:PSQH opened at $0.49 on Wednesday. The firm has a market cap of $23.88 million, a PE ratio of -0.61 and a beta of 0.38. PSQ Holdings, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $2.84. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.69 and a current ratio of 1.69. The business has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.84.

PSQ (NYSE:PSQH) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. The firm had revenue of $8.16 million during the quarter, compared to analyst estimates of $7.19 million. PSQ had a negative return on equity of 217.16% and a negative net margin of 143.15%.

Wall Street Analysts Forecast Growth

PSQH has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of PSQ in a research note on Tuesday, April 21st. Wall Street Zen raised PSQ from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, PSQ currently has a consensus rating of “Hold” and a consensus target price of $3.50.

Hedge Funds Weigh In On PSQ

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LLC purchased a new position in PSQ during the second quarter valued at $107,000. Marshall Wace LLP lifted its position in PSQ by 15.6% during the fourth quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock valued at $738,000 after buying an additional 96,858 shares during the period. Alyeska Investment Group L.P. lifted its position in PSQ by 0.6% during the third quarter. Alyeska Investment Group L.P. now owns 2,368,764 shares of the company’s stock valued at $4,524,000 after buying an additional 14,525 shares during the period. Vanguard Group Inc. lifted its position in PSQ by 5.0% during the third quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company’s stock valued at $2,625,000 after buying an additional 65,696 shares during the period. Finally, Harvest Investment Services LLC lifted its position in PSQ by 1.8% during the third quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock valued at $1,246,000 after buying an additional 11,412 shares during the period. Hedge funds and other 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.