XTX Topco Ltd Invests $98,000 in PSQ Holdings, Inc. (NYSE:PSQH)

XTX Topco Ltd bought a new position in shares of PSQ Holdings, Inc. (NYSE:PSQH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 42,640 shares of the company’s stock, valued at approximately $98,000. XTX Topco Ltd owned about 0.10% of PSQ at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PSQH. Man Group plc purchased a new position in shares of PSQ during the fourth quarter worth approximately $77,000. Toronto Dominion Bank purchased a new position in PSQ in the 4th quarter valued at $91,000. Squarepoint Ops LLC purchased a new position in PSQ in the 4th quarter valued at $109,000. Merit Financial Group LLC purchased a new position in PSQ in the 1st quarter valued at $215,000. Finally, Northern Trust Corp grew its position in PSQ by 135.9% in the 4th quarter. Northern Trust Corp now owns 64,759 shares of the company’s stock valued at $294,000 after buying an additional 37,306 shares during the last quarter. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of PSQ from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th.

PSQ Price Performance

PSQ stock opened at $1.65 on Friday. PSQ Holdings, Inc. has a one year low of $1.60 and a one year high of $7.77. The company has a debt-to-equity ratio of 1.27, a quick ratio of 4.24 and a current ratio of 2.97. The business has a fifty day moving average of $2.15 and a two-hundred day moving average of $2.38. The company has a market cap of $70.59 million, a P/E ratio of -1.22 and a beta of -0.02.

PSQ (NYSE:PSQH) last released its earnings results on Tuesday, August 12th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. PSQ had a negative return on equity of 224.55% and a negative net margin of 169.29%. The company had revenue of $7.08 million during the quarter, compared to the consensus estimate of $9.11 million. As a group, analysts predict that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PSQ news, Director Willie Langston bought 27,000 shares of PSQ stock in a transaction on Tuesday, May 20th. The stock was bought at an average price of $1.95 per share, with a total value of $52,650.00. Following the completion of the acquisition, the director owned 274,776 shares in the company, valued at $535,813.20. The trade was a 10.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.06% of the company’s stock.

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.