Insider Buying: PSQ Holdings, Inc. (NYSE:PSQH) CEO Buys $10,012.50 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) CEO Michael Stephen Seifert purchased 2,250 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $4.45 per share, with a total value of $10,012.50. Following the completion of the transaction, the chief executive officer now directly owns 2,250 shares of the company’s stock, valued at approximately $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 link.

PSQ Price Performance

Shares of PSQH stock opened at $4.10 on Friday. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The company has a market capitalization of $142.52 million, a PE ratio of -3.25 and a beta of 0.17. The firm’s 50-day moving average is $2.91 and its two-hundred day moving average is $2.98. PSQ Holdings, Inc. has a 12 month low of $2.00 and a 12 month high of $7.77.

PSQ (NYSE:PSQH) last announced 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). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $6.54 million for the quarter, compared to analyst estimates of $6.52 million. During the same quarter in the prior year, the business earned ($0.49) EPS. Analysts predict that PSQ Holdings, Inc. will post -1.59 earnings per share for the current year.

Institutional Investors Weigh In On PSQ

An institutional investor recently raised its position in PSQ stock. Geode Capital Management LLC raised its position in shares of PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,185 shares of the company’s stock after buying an additional 44,282 shares during the period. Geode Capital Management LLC owned about 0.63% of PSQ worth $490,000 as of its most recent filing with the Securities & Exchange Commission. 17.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.