PLBY Group (NASDAQ:PLBY) Rating Reiterated by Chardan Capital

PLBY Group (NASDAQ:PLBY)‘s stock had its “buy” rating restated by investment analysts at Chardan Capital in a note issued to investors on Wednesday, Benzinga reports. They currently have a $4.00 target price on the stock. Chardan Capital’s target price would suggest a potential upside of 296.04% from the company’s previous close.

PLBY Group Stock Down 2.9 %

NASDAQ PLBY opened at $1.01 on Wednesday. The stock has a 50 day moving average price of $0.96 and a 200-day moving average price of $0.91. PLBY Group has a one year low of $0.43 and a one year high of $2.01. The company has a market capitalization of $73.54 million, a P/E ratio of -0.39 and a beta of 2.49. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.96 and a current ratio of 1.18.

PLBY Group (NASDAQ:PLBY) last announced its earnings results on Wednesday, March 27th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. PLBY Group had a negative net margin of 119.60% and a negative return on equity of 93.57%. The firm had revenue of $39.36 million for the quarter, compared to analysts’ expectations of $34.80 million. As a group, equities analysts predict that PLBY Group will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

Institutional investors have recently bought and sold shares of the company. Kure Advisory LLC acquired a new position in PLBY Group during the 4th quarter valued at about $69,000. Sfmg LLC raised its position in shares of PLBY Group by 53.8% in the 3rd quarter. Sfmg LLC now owns 200,000 shares of the company’s stock valued at $160,000 after purchasing an additional 70,000 shares during the last quarter. Finally, P.A.W. Capital Corp boosted its stake in PLBY Group by 233.3% in the 4th quarter. P.A.W. Capital Corp now owns 200,000 shares of the company’s stock worth $200,000 after purchasing an additional 140,000 shares in the last quarter. 32.46% of the stock is currently owned by institutional investors and hedge funds.

About PLBY Group

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.