Harvest Investment Services LLC Raises Position in PSQ Holdings, Inc. (NYSE:PSQH)

Harvest Investment Services LLC lifted its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 108.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 426,788 shares of the company's stock after acquiring an additional 222,041 shares during the period. Harvest Investment Services LLC owned approximately 1.23% of PSQ worth $1,938,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PSQH. Heights Capital Management Inc. acquired a new stake in PSQ during the 4th quarter worth about $5,836,000. Spire Wealth Management purchased a new stake in PSQ in the fourth quarter valued at approximately $1,072,000. Geode Capital Management LLC raised its position in PSQ by 9.0% during 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 during the last quarter. Calton & Associates Inc. purchased a new position in shares of PSQ during the fourth quarter worth $200,000. Finally, Leavell Investment Management Inc. acquired a new position in PSQ during the fourth quarter valued at $189,000. Institutional investors and hedge funds own 17.32% of the company's stock.

PSQ Stock Performance

NYSE PSQH traded down $0.09 during mid-day trading on Friday, reaching $2.02. 460,489 shares of the stock were exchanged, compared to its average volume of 1,384,517. The company has a market capitalization of $86.47 million, a P/E ratio of -1.60 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. The business's 50 day moving average is $2.36 and its 200-day moving average is $3.13. PSQ Holdings, Inc. has a 1 year low of $1.63 and a 1 year high of $7.77.

PSQ (NYSE:PSQH - Get Free Report) last posted its 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). The firm had revenue of $7.21 million for 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%. On average, equities research analysts forecast that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Maxim Group began coverage on PSQ in a research report on Wednesday, January 15th. They set a "buy" rating and a $8.00 price target on the stock. Roth Mkm dropped their target price on PSQ from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Thursday, March 20th.

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.