PSQ (NYSE:PSQH) Given New $3.50 Price Target at Roth Mkm

PSQ (NYSE:PSQH) had its target price decreased by equities researchers at Roth Mkm from $5.00 to $3.50 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 39.44% from the company’s current price.

PSQ Stock Down 1.6 %

Shares of NYSE PSQH traded down $0.04 during mid-day trading on Thursday, reaching $2.51. 41,590 shares of the company traded hands, compared to its average volume of 131,316. The company’s fifty day moving average is $2.67 and its two-hundred day moving average is $3.09. PSQ has a fifty-two week low of $2.25 and a fifty-two week high of $6.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.72 and a current ratio of 1.87. The stock has a market cap of $78.79 million, a PE ratio of -1.99 and a beta of 0.34.

PSQ (NYSE:PSQH) last released 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 firm had revenue of $6.54 million for the quarter, compared to the consensus estimate of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 336.34%. During the same quarter last year, the company earned ($0.49) earnings per share. On average, analysts expect that PSQ will post -1.62 earnings per share for the current year.

Insider Buying and Selling at PSQ

In related news, Director Kelly Lynn Loeffler acquired 1,203,704 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $2.70 per share, for a total transaction of $3,250,000.80. Following the acquisition, the director now owns 1,203,704 shares in the company, valued at $3,250,000.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.11% of the company’s stock.

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.