Bernhard Kohn III Sells 94,594 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 94,594 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $1.50, for a total value of $141,891.00. Following the sale, the chief executive officer owned 6,074,967 shares in the company, valued at approximately $9,112,450.50. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

NASDAQ:PLBY opened at $1.40 on Friday. The firm has a market capitalization of $162.35 million, a price-to-earnings ratio of -17.50 and a beta of 1.91. PLBY Group, Inc. has a 1 year low of $1.16 and a 1 year high of $2.75. The business has a 50 day simple moving average of $1.68 and a 200-day simple moving average of $1.76. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.82.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Equities analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current year.

Institutional Investors Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently modified their holdings of PLBY. Jones Financial Companies Lllp lifted its stake in shares of PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after acquiring an additional 32,263 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of PLBY Group by 15.4% during the 1st quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock worth $100,000 after acquiring an additional 12,089 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of PLBY Group by 192.4% during the 2nd quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock worth $201,000 after acquiring an additional 81,792 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of PLBY Group during the 2nd quarter worth approximately $41,000. Finally, Engineers Gate Manager LP lifted its stake in shares of PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after acquiring an additional 8,390 shares during the last quarter. 32.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, PLBY Group presently has an average rating of “Sell”.

PLBY Group Company Profile

PLBY Group, Inc is a global media and lifestyle company best known for its iconic Playboy brand. The company operates across multiple business segments, including consumer products, licensing, subscription commerce, sexual wellness and digital offerings. Through its diversified portfolio, PLBY Group brings its signature aesthetic and brand heritage to categories such as apparel, accessories, gaming, beverages, home goods and intimate lifestyle products.

In the consumer products segment, PLBY Group designs and markets a range of branded goods under licensing agreements with major retailers and distributors worldwide.