Alyeska Investment Group L.P. Buys 1,036,694 Shares of PSQ Holdings, Inc. (NYSE:PSQH)

Alyeska Investment Group L.P. raised its stake in PSQ Holdings, Inc. (NYSE:PSQH) by 121.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,891,703 shares of the company’s stock after purchasing an additional 1,036,694 shares during the period. Alyeska Investment Group L.P. owned approximately 0.05% of PSQ worth $8,588,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in 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 buying an additional 44,282 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of PSQ during the 4th quarter worth approximately $1,072,000. Harvest Investment Services LLC increased its position in shares of PSQ by 108.4% during the fourth quarter. Harvest Investment Services LLC now owns 426,788 shares of the company’s stock valued at $1,938,000 after purchasing an additional 222,041 shares during the period. Heights Capital Management Inc. acquired a new position in shares of PSQ in the fourth quarter valued at $5,836,000. Finally, Leavell Investment Management Inc. bought a new position in PSQ in the fourth quarter worth $189,000. 17.32% of the stock is currently owned by institutional investors and hedge funds.

PSQ Stock Performance

Shares of NYSE:PSQH opened at $1.75 on Tuesday. The stock has a market capitalization of $75.10 million, a price-to-earnings ratio of -1.39 and a beta of -0.10. The business’s fifty day moving average price is $2.21 and its two-hundred day moving average price is $3.10. PSQ Holdings, Inc. has a fifty-two week low of $1.63 and a fifty-two week high of $7.77. The company has a debt-to-equity ratio of 6.46, a current ratio of 1.90 and a quick ratio of 1.72.

PSQ (NYSE:PSQH) last announced its earnings results on Thursday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.06). The firm had revenue of $7.21 million for the quarter, compared to analyst estimates of $7.47 million. PSQ had a negative return on equity of 404.92% and a negative net margin of 227.52%. As a group, analysts predict that PSQ Holdings, Inc. will post -1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PSQH shares. Roth Mkm lowered their price target on shares of PSQ from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Maxim Group assumed coverage on shares of PSQ in a research report on Wednesday, January 15th. They issued a “buy” rating and a $8.00 price target for the company.

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.