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

Harvest Investment Services LLC grew its holdings in shares of PSQ Holdings, Inc. (NYSE:PSQH - Free Report) by 108.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 426,788 shares of the company's stock after purchasing 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 reporting period.

Other large investors have also modified their holdings of the company. Heights Capital Management Inc. purchased a new stake in shares of PSQ in the fourth quarter valued at approximately $5,836,000. Spire Wealth Management purchased a new position in shares of PSQ in the 4th quarter valued at about $1,072,000. Geode Capital Management LLC lifted its stake in shares of PSQ by 28.6% in the third quarter. Geode Capital Management LLC now owns 199,185 shares of the company's stock valued at $490,000 after purchasing an additional 44,282 shares during the period. Calton & Associates Inc. purchased a new stake in PSQ during the fourth quarter worth about $200,000. Finally, Leavell Investment Management Inc. acquired a new position in PSQ during the fourth quarter worth about $189,000. 17.32% of the stock is owned by hedge funds and other institutional investors.

PSQ Price Performance

PSQH traded down $0.09 during midday trading on Friday, reaching $2.02. 460,489 shares of the company's stock were exchanged, compared to its average volume of 1,379,150. PSQ Holdings, Inc. has a 1-year low of $1.63 and a 1-year high of $7.77. The stock has a market capitalization of $86.47 million, a PE ratio of -1.60 and a beta of -0.12. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72. The business's 50-day moving average price is $2.36 and its 200 day moving average price is $3.13.

PSQ (NYSE:PSQH - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $7.21 million for the quarter, compared to analyst estimates of $7.47 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. As a group, equities analysts anticipate that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Maxim Group started coverage on shares of PSQ in a research report on Wednesday, January 15th. They set a "buy" rating and a $8.00 price target for the company. Roth Mkm decreased their target price on PSQ from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th.

PSQ 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.