Calton & Associates Inc. Makes New $200,000 Investment in PSQ Holdings, Inc. (NYSE:PSQH)

Calton & Associates Inc. bought a new stake in PSQ Holdings, Inc. (NYSE:PSQH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 44,133 shares of the company’s stock, valued at approximately $200,000.

Separately, Oxinas Partners Wealth Management LLC purchased a new position in PSQ during the fourth quarter worth about $82,000. Institutional investors own 17.32% of the company’s stock.

PSQ Stock Performance

Shares of PSQH opened at $3.92 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 6.46. PSQ Holdings, Inc. has a 52-week low of $2.00 and a 52-week high of $7.77. The company has a 50-day simple moving average of $4.03 and a 200-day simple moving average of $3.16. The company has a market capitalization of $136.09 million, a PE ratio of -3.11 and a beta of -0.27.

PSQ (NYSE:PSQH) last issued 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). The company had revenue of $6.54 million during the quarter, compared to analysts’ expectations of $6.52 million. PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. During the same period last year, the business posted ($0.49) earnings per share. Equities research analysts predict that PSQ Holdings, Inc. will post -1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.