Insider Buying: PSQ Holdings, Inc. (NYSE:PSQH) CFO Acquires 3,281 Shares of Stock

PSQ Holdings, Inc. (NYSE:PSQH) CFO Bradley Searle purchased 3,281 shares of PSQ stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $4.10 per share, with a total value of $13,452.10. Following the completion of the acquisition, the chief financial officer now directly owns 425,000 shares in the company, valued at approximately $1,742,500. This trade represents a 0.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PSQ Stock Up 3.9 %

PSQH stock opened at $4.29 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46. The company’s 50-day moving average price is $2.95 and its 200 day moving average price is $2.98. PSQ Holdings, Inc. has a 52 week low of $2.00 and a 52 week high of $7.77. The company has a market cap of $149.12 million, a P/E ratio of -3.40 and a beta of 0.17.

PSQ (NYSE:PSQH) last announced 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 firm had revenue of $6.54 million for the quarter, compared to analysts’ expectations of $6.52 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. During the same period last year, the firm earned ($0.49) EPS. On average, research analysts expect that PSQ Holdings, Inc. will post -1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of PSQ

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

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.