Oxinas Partners Wealth Management LLC Purchases Shares of 18,000 PSQ Holdings, Inc. (NYSE:PSQH)

Oxinas Partners Wealth Management LLC purchased a new stake in PSQ Holdings, Inc. (NYSE:PSQH) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 18,000 shares of the company’s stock, valued at approximately $82,000.

Separately, Geode Capital Management LLC lifted its position 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 in the last quarter. 17.32% of the stock is owned by hedge funds and other institutional investors.

PSQ Trading Up 1.5 %

PSQH opened at $4.71 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. The company has a market cap of $163.76 million, a price-to-earnings ratio of -3.74 and a beta of -0.27. The firm has a 50 day simple moving average of $3.75 and a 200 day simple moving average of $3.14. PSQ Holdings, Inc. has a fifty-two week low of $2.00 and a fifty-two week high of $7.77.

PSQ (NYSE:PSQH) last issued its earnings results 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 net margin of 227.52% and a negative return on equity of 404.92%. The firm had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. During the same period in the previous year, the company posted ($0.49) EPS. On average, sell-side analysts anticipate that PSQ Holdings, Inc. will post -1.54 earnings per share for the current year.

Insider Buying and Selling at PSQ

In other news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $2.70 per share, with a total value of $3,250,000.80. Following the completion of the purchase, the director now owns 1,203,704 shares of the company’s stock, valued at approximately $3,250,000.80. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders bought 1,209,235 shares of company stock valued at $3,273,465. Corporate insiders own 32.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PSQH shares. Roth Mkm reduced their target price on shares of PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Maxim Group assumed coverage on shares of PSQ in a research report on Wednesday, January 15th. They set a “buy” rating and a $8.00 target price on the stock.

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.