PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 18,198 Shares

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 18,198 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $1.33, for a total value of $24,203.34. Following the transaction, the director directly owned 201,462 shares of the company’s stock, valued at $267,944.46. The trade was a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

PLBY Group Stock Performance

PLBY Group stock opened at $1.33 on Thursday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00. The stock has a fifty day moving average of $1.60 and a two-hundred day moving average of $1.76. The company 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 fifty-two week low of $1.19 and a fifty-two week high of $2.75.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million for the quarter, compared to analysts’ expectations 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, analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. acquired a new position in PLBY Group in the first quarter valued at $27,000. Jones Financial Companies Lllp boosted 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 valued at $36,000 after acquiring an additional 32,263 shares during the last quarter. Engineers Gate Manager LP boosted 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 valued at $37,000 after acquiring an additional 8,390 shares during the last quarter. Bogart Wealth LLC boosted 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 valued at $38,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted 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 valued at $39,000 after acquiring an additional 14,641 shares during the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research downgraded 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 MarketBeat.com, the stock currently has a consensus 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.