Insider Selling: PLBY Group (NASDAQ:PLBY) CEO Sells $131,342.16 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 75,484 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $1.74, for a total transaction of $131,342.16. Following the completion of the transaction, the chief executive officer owned 6,169,561 shares of the company’s stock, valued at approximately $10,735,036.14. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Performance

PLBY opened at $1.33 on Friday. The firm has a market cap of $154.24 million, a P/E ratio of -16.63 and a beta of 1.91. PLBY Group, Inc. has a 1-year low of $1.19 and a 1-year high of $2.75. The company has a 50 day simple moving average of $1.67 and a two-hundred 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 results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.72 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. Equities analysts forecast that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PLBY Group

A number of hedge funds and other institutional investors have recently modified their holdings of PLBY. Fortress Investment Group LLC boosted its position in shares of PLBY Group by 183.6% during the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after acquiring an additional 10,740,578 shares during the last quarter. Crcm LP boosted its position in shares of PLBY Group by 154.2% during the fourth quarter. Crcm LP now owns 3,689,452 shares of the company’s stock worth $6,936,000 after acquiring an additional 2,238,296 shares during the last quarter. Bbfit Investments PTE Ltd. bought a new position in shares of PLBY Group during the fourth quarter worth $2,297,000. Marshall Wace LLP bought a new position in shares of PLBY Group during the fourth quarter worth $1,169,000. Finally, Sei Investments Co. bought a new position in shares of PLBY Group during the first quarter worth $577,000. Institutional investors own 32.46% of the company’s stock.

Analyst Ratings Changes

Separately, 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 analysts have rated the stock with a Sell rating, According to data from MarketBeat, PLBY Group currently has a consensus 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.