Bernhard Kohn III Sells 81,771 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 81,771 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1.35, for a total transaction of $110,390.85. Following the completion of the sale, the chief executive officer owned 5,812,861 shares in the company, valued at $7,847,362.35. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of NASDAQ:PLBY opened at $1.33 on Friday. The company’s fifty day moving average price is $1.67 and its 200-day moving average price is $1.76. The firm has a market capitalization of $154.24 million, a price-to-earnings ratio of -16.63 and a beta of 1.91. 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 0.82.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 21.89% and a negative net margin of 6.21%. On average, equities research analysts anticipate 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 institutional investors have recently made changes to their positions in PLBY. Jones Financial Companies Lllp grew its holdings 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 valued at $36,000 after purchasing an additional 32,263 shares during the last quarter. Engineers Gate Manager LP grew its holdings 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 valued at $37,000 after purchasing an additional 8,390 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of PLBY Group by 136.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after purchasing an additional 14,641 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of PLBY Group during the 2nd quarter valued at $41,000. Institutional investors own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

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 research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.