Maxim Group Initiates Coverage on PSQ (NYSE:PSQH)

Analysts at Maxim Group initiated coverage on shares of PSQ (NYSE:PSQH) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $8.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 115.05% from the company’s current price.

Separately, Roth Mkm dropped their price target on PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

PSQ Price Performance

PSQH stock opened at $3.72 on Wednesday. PSQ has a 1 year low of $2.00 and a 1 year high of $7.77. The company has a market cap of $129.31 million, a P/E ratio of -2.95 and a beta of -0.27. The firm has a 50-day moving average of $3.57 and a 200 day moving average of $3.10. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). The business had revenue of $6.54 million for the quarter, compared to analysts’ expectations of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same period in the previous year, the company earned ($0.49) EPS. On average, sell-side analysts forecast that PSQ will post -1.59 EPS for the current year.

Insider Activity at PSQ

In other news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the transaction, the director now owns 1,203,704 shares in the company, valued at $3,250,000.80. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 1,209,235 shares of company stock worth $3,273,465. Insiders own 32.11% of the company’s stock.

Institutional Trading of PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC raised its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 199,185 shares of the company’s stock after purchasing an additional 44,282 shares during the period. Geode Capital Management LLC owned about 0.63% of PSQ worth $490,000 as of its most recent SEC filing. 17.32% of the stock is owned by institutional investors.

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.