Oxinas Partners Wealth Management LLC Acquires New Shares in PSQ Holdings, Inc. (NYSE:PSQH)

Oxinas Partners Wealth Management LLC acquired a new stake in PSQ Holdings, Inc. (NYSE:PSQH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 18,000 shares of the company’s stock, valued at approximately $82,000. Oxinas Partners Wealth Management LLC owned about 0.05% of PSQ at the end of the most recent quarter.

Separately, Geode Capital Management LLC raised its holdings in PSQ by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 199,185 shares of the company’s stock worth $490,000 after acquiring an additional 44,282 shares during the period. Institutional investors own 17.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PSQH has been the topic of several recent analyst reports. Roth Mkm dropped their target price on shares of PSQ from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Thursday, November 14th. Maxim Group initiated coverage on shares of PSQ in a report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 target price on the stock.

Insider Transactions at PSQ

In other PSQ news, Director Kelly Lynn Loeffler bought 1,203,704 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were acquired 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 directly owns 1,203,704 shares in the company, valued at $3,250,000.80. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 1,209,235 shares of company stock worth $3,273,465. 32.11% of the stock is currently owned by company insiders.

PSQ Stock Performance

NYSE:PSQH opened at $4.71 on Wednesday. The firm’s 50-day moving average is $3.75 and its 200-day moving average is $3.14. 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 company has a market cap of $163.76 million, a price-to-earnings ratio of -3.74 and a beta of -0.27.

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

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.