Spire Wealth Management Purchases Shares of 236,150 PSQ Holdings, Inc. (NYSE:PSQH)

Spire Wealth Management purchased a new stake in shares of PSQ Holdings, Inc. (NYSE:PSQH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 236,150 shares of the company’s stock, valued at approximately $1,072,000. Spire Wealth Management owned 0.68% of PSQ as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oxinas Partners Wealth Management LLC purchased a new stake in shares of PSQ during the fourth quarter worth about $82,000. Calton & Associates Inc. purchased a new stake in shares of PSQ during the fourth quarter worth about $200,000. Finally, Geode Capital Management LLC boosted its holdings in shares of PSQ by 28.6% during 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. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PSQH has been the subject of a number of analyst reports. Roth Mkm dropped their target price on shares of PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a report on Thursday, November 14th. Maxim Group began coverage on shares of PSQ in a report on Wednesday, January 15th. They set a “buy” rating and a $8.00 target price for the company.

PSQ Stock Performance

Shares of PSQH opened at $3.84 on Wednesday. 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 one year low of $2.00 and a one year high of $7.77. The company has a 50-day simple moving average of $4.10 and a two-hundred day simple moving average of $3.15. The firm has a market capitalization of $133.30 million, a PE ratio of -3.04 and a beta of -0.29.

PSQ (NYSE:PSQH) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.01). PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. The company had revenue of $6.54 million during the quarter, compared to analysts’ expectations of $6.52 million. During the same quarter last year, the business earned ($0.49) earnings per share. On average, analysts anticipate that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

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.