Heights Capital Management Inc. Takes Position in PSQ Holdings, Inc. (NYSE:PSQH)

Heights Capital Management Inc. bought a new position in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,285,410 shares of the company's stock, valued at approximately $5,836,000. PSQ makes up 3.0% of Heights Capital Management Inc.'s investment portfolio, making the stock its 8th largest position. Heights Capital Management Inc. owned approximately 3.70% of PSQ at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PSQH. Geode Capital Management LLC increased its position in PSQ by 28.6% in the third quarter. Geode Capital Management LLC now owns 199,185 shares of the company's stock worth $490,000 after purchasing an additional 44,282 shares during the period. Oxinas Partners Wealth Management LLC bought a new stake in shares of PSQ during the fourth quarter worth approximately $82,000. Calton & Associates Inc. acquired a new position in PSQ in the fourth quarter valued at approximately $200,000. Spire Wealth Management bought a new position in PSQ in the fourth quarter valued at approximately $1,072,000. Finally, Leavell Investment Management Inc. bought a new position in PSQ in the fourth quarter valued at approximately $189,000. 17.32% of the stock is owned by institutional investors.

PSQ Stock Down 4.0 %

NYSE:PSQH traded down $0.09 on Friday, hitting $2.02. 460,489 shares of the company's stock were exchanged, compared to its average volume of 1,379,150. The company has a market cap of $86.47 million, a P/E ratio of -1.60 and a beta of -0.12. The firm has a 50-day moving average price of $2.36 and a 200-day moving average price of $3.13. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. PSQ Holdings, Inc. has a 52 week low of $1.63 and a 52 week high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.06). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The firm had revenue of $7.21 million for the quarter, compared to the consensus estimate of $7.47 million. As a group, analysts expect that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Analyst Ratings Changes

PSQH has been the topic of several analyst reports. Maxim Group started coverage on PSQ in a research note on Wednesday, January 15th. They issued a "buy" rating and a $8.00 target price on the stock. Roth Mkm reduced their price objective on shares of PSQ from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th.

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.