12,395 Shares in PSQ Holdings, Inc. (NYSE:PSQH) Purchased by Financial Advocates Investment Management

Financial Advocates Investment Management acquired a new position in PSQ Holdings, Inc. (NYSE:PSQH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,395 shares of the company’s stock, valued at approximately $65,000.

Several other institutional investors also recently bought and sold shares of PSQH. Axxcess Wealth Management LLC acquired a new stake in PSQ in the 3rd quarter worth about $12,713,000. Mariner LLC purchased a new position in PSQ in the 3rd quarter worth approximately $1,571,000. Calton & Associates Inc. purchased a new position in PSQ in the 4th quarter worth approximately $431,000. Capital Investment Counsel Inc purchased a new position in PSQ in the 4th quarter worth approximately $60,000. Finally, PNC Financial Services Group Inc. purchased a new position in PSQ in the 3rd quarter worth approximately $27,000. 17.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and issued a $7.50 target price (down from $8.50) on shares of PSQ in a research note on Thursday, May 16th.

PSQ Stock Down 2.1 %

PSQH stock opened at $3.66 on Thursday. The firm has a market cap of $103.54 million, a PE ratio of -0.15 and a beta of 0.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.50. The firm’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.98. PSQ Holdings, Inc. has a one year low of $3.50 and a one year high of $35.57.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.47) by $0.07. The firm had revenue of $2.75 million for the quarter, compared to analyst estimates of $2.47 million. PSQ had a negative net margin of 674.94% and a negative return on equity of 762.28%.

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.