Spire Wealth Management Purchases 160,601 Shares of PSQ Holdings, Inc. (NYSE:PSQH)

Spire Wealth Management grew its position in PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 68.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 396,751 shares of the company's stock after acquiring an additional 160,601 shares during the quarter. Spire Wealth Management owned 0.92% of PSQ worth $909,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of PSQ by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 217,202 shares of the company's stock worth $986,000 after buying an additional 18,017 shares in the last quarter. Heights Capital Management Inc. acquired a new position in shares of PSQ in the 4th quarter worth approximately $5,836,000. Harvest Investment Services LLC raised its holdings in shares of PSQ by 108.4% in the 4th quarter. Harvest Investment Services LLC now owns 426,788 shares of the company's stock worth $1,938,000 after buying an additional 222,041 shares in the last quarter. Northern Trust Corp raised its holdings in shares of PSQ by 135.9% in the 4th quarter. Northern Trust Corp now owns 64,759 shares of the company's stock worth $294,000 after buying an additional 37,306 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new position in shares of PSQ in the 4th quarter worth approximately $367,000. Institutional investors own 17.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PSQH shares. Wall Street Zen cut PSQ from a "hold" rating to a "sell" rating in a report on Friday. Roth Mkm dropped their price target on PSQ from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, March 20th.

PSQ Price Performance

PSQH stock traded down $0.01 during midday trading on Friday, reaching $2.04. 577,629 shares of the company's stock traded hands, compared to its average volume of 1,548,793. The company has a 50-day simple moving average of $2.08 and a two-hundred day simple moving average of $2.87. PSQ Holdings, Inc. has a 1-year low of $1.63 and a 1-year high of $7.77. The company has a market cap of $87.32 million, a price-to-earnings ratio of -1.33 and a beta of -0.01. The company has a quick ratio of 4.24, a current ratio of 4.52 and a debt-to-equity ratio of 1.09.

PSQ (NYSE:PSQH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.30) by $0.06. PSQ had a negative return on equity of 259.58% and a negative net margin of 187.14%. The firm had revenue of $6.75 million during the quarter, compared to analysts' expectations of $7.46 million. On average, analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Insider Activity at PSQ

In other news, Director Willie Langston acquired 27,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were purchased at an average cost of $1.95 per share, for a total transaction of $52,650.00. Following the transaction, the director now owns 274,776 shares of the company's stock, valued at approximately $535,813.20. This represents a 10.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.06% of the company's stock.

PSQ 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.