Leavell Investment Management Inc. Buys Shares of 41,607 PSQ Holdings, Inc. (NYSE:PSQH)

Leavell Investment Management Inc. bought a new stake in shares of PSQ Holdings, Inc. (NYSE:PSQH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 41,607 shares of the company’s stock, valued at approximately $189,000. Leavell Investment Management Inc. owned 0.12% of PSQ at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Spire Wealth Management acquired a new position in PSQ during the 4th quarter valued at about $1,072,000. Geode Capital Management LLC increased its stake in shares of PSQ by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 199,185 shares of the company’s stock valued at $490,000 after acquiring an additional 44,282 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of PSQ in the 4th quarter valued at about $200,000. Finally, Oxinas Partners Wealth Management LLC bought a new stake in shares of PSQ in the 4th quarter valued at about $82,000. 17.32% of the stock is currently owned by institutional investors and hedge funds.

PSQ Price Performance

NYSE PSQH opened at $3.63 on Friday. The business has a 50 day simple moving average of $4.13 and a 200 day simple moving average of $3.21. PSQ Holdings, Inc. has a 52-week low of $2.00 and a 52-week high of $7.77. 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 stock has a market cap of $126.28 million, a price-to-earnings ratio of -2.88 and a beta of -0.29.

PSQ (NYSE:PSQH) last posted its earnings results on Tuesday, November 12th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.54 million for the quarter, compared to the consensus estimate of $6.52 million. During the same period in the previous year, the company posted ($0.49) earnings per share. Analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.