Roth Mkm Lowers PSQ (NYSE:PSQH) Price Target to $4.00

PSQ (NYSE:PSQH) had its price target lowered by Roth Mkm from $5.00 to $4.00 in a research report sent to investors on Thursday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, Maxim Group began coverage on shares of PSQ in a research note on Wednesday, January 15th. They set a “buy” rating and a $8.00 price objective for the company.

PSQ Trading Down 1.7 %

Shares of PSQ stock opened at $2.67 on Thursday. 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. The stock has a market cap of $92.64 million, a PE ratio of -2.12 and a beta of -0.21. The company has a 50-day moving average of $3.42 and a two-hundred day moving average of $3.23.

PSQ (NYSE:PSQH) last issued its earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The company had revenue of $7.21 million during the quarter, compared to analysts’ expectations of $7.47 million. On average, research analysts anticipate that PSQ will post -1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Heights Capital Management Inc. acquired a new stake in PSQ during the fourth quarter worth approximately $5,836,000. Alyeska Investment Group L.P. boosted its position in PSQ by 121.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,891,703 shares of the company’s stock worth $8,588,000 after acquiring an additional 1,036,694 shares during the last quarter. Spire Wealth Management acquired a new stake in PSQ during the fourth quarter worth approximately $1,072,000. Harvest Investment Services LLC boosted its position in PSQ by 108.4% during the fourth quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock worth $1,938,000 after acquiring an additional 222,041 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of PSQ in the 4th quarter valued at $523,000. 17.32% of the stock is owned by hedge funds and other 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.