PLBY Group (NASDAQ:PLBY) Director Sells $38,211.84 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 30,816 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $1.24, for a total transaction of $38,211.84. Following the sale, the director directly owned 223,548 shares in the company, valued at $277,199.52. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

PLBY Group Price Performance

PLBY opened at $1.32 on Friday. PLBY Group, Inc. has a one year low of $1.19 and a one year high of $2.75. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The company’s 50 day simple moving average is $1.62 and its 200-day simple moving average is $1.76. The stock has a market capitalization of $153.08 million, a P/E ratio of -16.50 and a beta of 1.91.

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

Analyst Ratings Changes

Separately, Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

Large investors have recently bought and sold shares of the business. CTC Alternative Strategies Ltd. acquired a new position in PLBY Group in the first quarter valued at approximately $27,000. Jones Financial Companies Lllp raised its holdings in PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after purchasing an additional 32,263 shares during the period. Engineers Gate Manager LP raised its holdings in PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares during the period. Bogart Wealth LLC raised its holdings in PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in PLBY Group by 136.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock worth $39,000 after purchasing an additional 14,641 shares during the period. 32.46% of the stock is currently owned by institutional investors and hedge funds.

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.