Geode Capital Management LLC Has $490,000 Stock Position in PSQ Holdings, Inc. (NYSE:PSQH)

Geode Capital Management LLC grew its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 28.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 199,185 shares of the company’s stock after acquiring an additional 44,282 shares during the quarter. Geode Capital Management LLC’s holdings in PSQ were worth $490,000 at the end of the most recent reporting period.

PSQ Price Performance

PSQ stock opened at $3.92 on Monday. The business’s fifty day moving average is $3.55 and its two-hundred day moving average is $3.10. 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 firm has a market cap of $136.27 million, a P/E ratio of -3.11 and a beta of -0.27. PSQ Holdings, Inc. has a 52 week low of $2.00 and a 52 week high of $7.77.

PSQ (NYSE:PSQH) last released its quarterly 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). PSQ had a negative net margin of 227.52% and a negative return on equity of 404.92%. The business had revenue of $6.54 million during the quarter, compared to the consensus estimate of $6.52 million. During the same period in the prior year, the firm earned ($0.49) earnings per share. Equities research analysts forecast that PSQ Holdings, Inc. will post -1.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on shares of PSQ from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, November 14th.

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.