Michael Stephen Seifert Purchases 2,250 Shares of PSQ Holdings, Inc. (NYSE:PSQH) Stock

PSQ Holdings, Inc. (NYSE:PSQH) CEO Michael Stephen Seifert purchased 2,250 shares of PSQ stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $4.45 per share, for a total transaction of $10,012.50. Following the transaction, the chief executive officer now directly owns 2,250 shares in the company, valued at $10,012.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PSQ Stock Performance

NYSE:PSQH opened at $4.10 on Friday. The firm has a market cap of $142.52 million, a price-to-earnings ratio of -3.25 and a beta of 0.17. The firm’s fifty day moving average price is $2.91 and its 200 day moving average price is $2.98. 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 Holdings, Inc. has a 1-year low of $2.00 and a 1-year high of $7.77.

PSQ (NYSE:PSQH) last released its earnings results on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.01). The business had revenue of $6.54 million during the quarter, compared to analyst estimates 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 last year, the business posted ($0.49) EPS. On average, sell-side analysts expect that PSQ Holdings, Inc. will post -1.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their target price 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 Investors Weigh In On PSQ

A hedge fund recently raised its stake in PSQ stock. Geode Capital Management LLC grew its holdings in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, according to its most recent Form 13F filing 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 quarter. Geode Capital Management LLC owned approximately 0.63% of PSQ worth $490,000 at the end of the most recent quarter. 17.32% of the stock is currently 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.