Insider Selling: PLBY Group (NASDAQ:PLBY) General Counsel Sells $92,187.27 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 74,949 shares of PLBY Group stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $1.23, for a total transaction of $92,187.27. Following the transaction, the general counsel directly owned 1,542,259 shares in the company, valued at $1,896,978.57. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Thursday, July 2nd, Christopher Riley sold 71,471 shares of PLBY Group stock. The shares were sold at an average price of $1.26, for a total transaction of $90,053.46.
• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The stock was sold at an average price of $1.78, for a total transaction of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The stock was sold at an average price of $1.75, for a total transaction of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The shares were sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Stock Down 2.5%

Shares of PLBY traded down $0.03 on Tuesday, hitting $1.18. The company’s stock had a trading volume of 785,404 shares, compared to its average volume of 1,044,007. The firm’s fifty day moving average price is $1.43 and its 200-day moving average price is $1.67. PLBY Group, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $2.75. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. The firm has a market capitalization of $136.84 million, a price-to-earnings ratio of -14.75 and a beta of 1.86.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results 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 firm had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.71 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, equities research analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current year.

Institutional Trading of PLBY Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after purchasing an additional 32,263 shares during the last quarter. Jane Street Group LLC increased its position 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 purchasing an additional 12,089 shares during the last quarter. XTX Topco Ltd raised 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 purchasing an additional 81,792 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of PLBY Group in the 2nd quarter valued at approximately $41,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of PLBY Group by 57.8% in the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after buying an additional 8,390 shares during the last quarter. Institutional investors own 32.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PLBY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

About PLBY Group

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.