Kingsbury Capital Investment Advisors LLC raised its position in PSQ Holdings, Inc. (NYSE:PSQH – Free Report) by 379.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,004 shares of the company’s stock after purchasing an additional 138,473 shares during the quarter. Kingsbury Capital Investment Advisors LLC owned 0.05% of PSQ worth $70,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in PSQH. Corient Private Wealth LLC boosted its position in shares of PSQ by 143.5% during the fourth quarter. Corient Private Wealth LLC now owns 126,627 shares of the company’s stock worth $130,000 after buying an additional 74,627 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of PSQ by 1,463.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 30,992 shares of the company’s stock valued at $32,000 after buying an additional 29,010 shares during the period. Marshall Wace LLP raised its holdings in shares of PSQ by 15.6% in the 4th quarter. Marshall Wace LLP now owns 716,901 shares of the company’s stock valued at $738,000 after buying an additional 96,858 shares during the period. Alyeska Investment Group L.P. lifted its stake in PSQ by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock worth $3,978,000 after acquiring an additional 1,493,338 shares in the last quarter. Finally, HRT Financial LP purchased a new position in PSQ during the 4th quarter valued at about $45,000. 17.32% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
PSQH has been the subject of several research reports. Wall Street Zen raised PSQ to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of PSQ in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $52.50.
PSQ Stock Performance
NYSE:PSQH opened at $5.33 on Monday. PSQ Holdings, Inc. has a 52 week low of $2.95 and a 52 week high of $42.60. The company has a fifty day simple moving average of $4.83 and a two-hundred day simple moving average of $7.63. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 6.79. The company has a market cap of $17.96 million, a price-to-earnings ratio of -0.49 and a beta of 0.51.
PSQ (NYSE:PSQH – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.05) by ($0.49). The company had revenue of $7.13 million during the quarter, compared to analyst estimates of $7.50 million. PSQ had a negative net margin of 132.73% and a negative return on equity of 284.61%.
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. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.
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