PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 25,900 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 25,900 shares of PLBY Group stock in a transaction on Friday, September 4th. The stock was sold at an average price of $1.16, for a total transaction of $30,044.00. Following the completion of the transaction, the director directly owned 142,253 shares of the company’s stock, valued at approximately $165,013.48. This represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PLBY Group Stock Down 2.5%

PLBY stock opened at $1.15 on Thursday. The firm has a market cap of $137.78 million, a price-to-earnings ratio of 23.60 and a beta of 1.91. PLBY Group, Inc. has a 1-year low of $1.08 and a 1-year high of $2.75. The firm has a fifty day moving average price of $1.20 and a two-hundred day moving average price of $1.45. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.79 and a quick ratio of 0.64.

Institutional Trading of PLBY Group

Hedge funds have recently bought and sold shares of the company. Crcm LP boosted its stake in PLBY Group by 17.8% during the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after purchasing an additional 656,065 shares during the period. Vanguard Group Inc. raised its holdings in shares of PLBY Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock valued at $3,953,000 after buying an additional 26,060 shares during the last quarter. Bbfit Investments PTE Ltd. acquired a new position in shares of PLBY Group during the fourth quarter worth approximately $2,297,000. Geode Capital Management LLC grew its holdings in PLBY Group by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock worth $1,398,000 after buying an additional 97,321 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in PLBY Group in the 4th quarter worth approximately $1,169,000. 32.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings raised PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

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.