Geode Capital Management LLC Purchases 18,017 Shares of PSQ Holdings, Inc. (NYSE:PSQH)

Geode Capital Management LLC raised its position in PSQ Holdings, Inc. (NYSE:PSQH) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,202 shares of the company’s stock after acquiring an additional 18,017 shares during the period. Geode Capital Management LLC owned approximately 0.62% of PSQ worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oxinas Partners Wealth Management LLC purchased a new position in shares of PSQ in the fourth quarter worth $82,000. Leavell Investment Management Inc. acquired a new position in shares of PSQ in the 4th quarter valued at $189,000. Calton & Associates Inc. purchased a new position in PSQ in the 4th quarter worth $200,000. Finally, Spire Wealth Management acquired a new stake in PSQ during the 4th quarter worth about $1,072,000. 17.32% of the stock is owned by hedge funds and other institutional investors.

PSQ Price Performance

NYSE:PSQH opened at $1.80 on Friday. The firm’s fifty day moving average is $2.25 and its two-hundred day moving average is $3.11. The firm has a market cap of $77.03 million, a price-to-earnings ratio of -1.42 and a beta of -0.12. The company has a debt-to-equity ratio of 6.46, a quick ratio of 1.72 and a current ratio of 1.90. PSQ Holdings, Inc. has a one year low of $1.63 and a one year high of $7.77.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on PSQH shares. Roth Mkm cut their price objective on PSQ from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Maxim Group initiated coverage on shares of PSQ in a report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 price target on the 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.