Why These 15 Software Stocks Are Plunging In 2025

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11. PSQ Holdings Inc (NYSE:PSQH)

Number of Hedge Fund Holders In Q4 2024: 9

PSQ Holdings Inc (NYSE:PSQH) operates an online marketplace and payments ecosystem.

The stock is down significantly so far in 2025 despite impressive revenue growth (e.g., a 222% increase to $6.5 million in Q3 2024 compared to Q3 2023).

PSQ Holdings remains unprofitable, and investors are losing confidence because the company has delayed its goal of achieving positive cash flow from 2024 to late 2025.

It surged over 270% in a single day in December 2024 after announcing Donald Trump Jr.’s appointment to the board, but it has since struggled to maintain those gains. Moreover, PSQ Holdings operates in a niche market targeting a “parallel economy” for value-driven consumers, which could limit its growth compared to broader e-commerce platforms.

The consensus price target of $6 implies 125.14% upside.

PSQH stock is down 41.41% year-to-date.

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