Investors Buy High Volume of Call Options on PSQ (NYSE:PSQH)

PSQ Holdings, Inc. (NYSE:PSQH) saw unusually large options trading on Tuesday. Traders purchased 6,691 call options on the stock. This is an increase of approximately 5,087% compared to the average daily volume of 129 call options.

Insiders Place Their Bets

In related news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction on Thursday, October 24th. The stock was bought at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the completion of the purchase, the director now directly owns 1,203,704 shares in the company, valued at $3,250,000.80. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.11% of the stock is owned by insiders.

Institutional Investors Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC lifted its stake in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the quarter. Geode Capital Management LLC owned 0.63% of PSQ worth $490,000 as of its most recent filing with the Securities and Exchange Commission. 17.32% of the stock is owned by institutional investors and hedge funds.

PSQ Stock Performance

PSQH stock opened at $7.73 on Wednesday. The business’s fifty day moving average price is $2.54 and its 200 day moving average price is $2.91. PSQ has a 12-month low of $2.00 and a 12-month high of $7.77. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 6.46.

PSQ (NYSE:PSQH) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 404.92% and a negative net margin of 227.52%. During the same quarter last year, the company earned ($0.49) earnings per share. On average, equities research analysts expect that PSQ will post -1.59 EPS for the current year.

Wall Street Analyst Weigh In

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

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.