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

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

PSQ Price Performance

Shares of PSQH opened at $0.49 on Thursday. The company has a 50 day moving average price of $0.62 and a 200-day moving average price of $0.83. PSQ Holdings, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $2.84. The stock has a market capitalization of $23.68 million, a PE ratio of -0.60 and a beta of 0.38. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.69 and a current ratio of 1.69.

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

Institutional Investors Weigh In On PSQ

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Shay Capital LLC lifted 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 last quarter. Bridgeway Capital Management LLC lifted its position in PSQ by 45.5% during the third quarter. Bridgeway Capital Management LLC now owns 32,000 shares of the company’s stock valued at $61,000 after acquiring an additional 10,000 shares during the last quarter. 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 acquiring an additional 11,412 shares during the last quarter. 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 acquiring an additional 14,525 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in PSQ during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 17.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.