Calton & Associates Inc. Reduces Stock Position in PSQ Holdings, Inc. (NYSE:PSQH)

Calton & Associates Inc. lessened its holdings in PSQ Holdings, Inc. (NYSE:PSQH) by 46.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,213 shares of the company’s stock after selling 37,987 shares during the quarter. Calton & Associates Inc.’s holdings in PSQ were worth $238,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in shares of PSQ during the third quarter worth about $27,000. Capital Investment Counsel Inc purchased a new position in shares of PSQ during the fourth quarter worth about $60,000. Financial Advocates Investment Management purchased a new position in shares of PSQ during the fourth quarter worth about $65,000. Mariner LLC purchased a new position in shares of PSQ during the third quarter worth about $1,571,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of PSQ during the third quarter worth about $12,713,000. Hedge funds and other institutional investors own 17.32% of the company’s stock.

PSQ Trading Down 7.5 %

NYSE PSQH opened at $3.74 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.50 and a quick ratio of 1.41. PSQ Holdings, Inc. has a 52-week low of $2.86 and a 52-week high of $35.57. The business’s 50-day moving average price is $3.69 and its 200 day moving average price is $4.52.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.02. PSQ had a negative return on equity of 762.28% and a negative net margin of 674.94%. The firm had revenue of $3.47 million for the quarter, compared to analyst estimates of $3.39 million. On average, sell-side analysts predict that PSQ Holdings, Inc. will post -1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $7.50 price objective (down previously from $8.50) on shares of PSQ in a report on Thursday, May 16th.

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.