Tracey Edmonds Sells 8,193 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 8,193 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1.33, for a total transaction of $10,896.69. Following the sale, the director directly owned 193,269 shares in the company, valued at $257,047.77. The trade was a 4.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PLBY Group Stock Up 3.8%

PLBY stock opened at $1.38 on Friday. The stock has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $1.76. The firm has a market capitalization of $160.04 million, a PE ratio of -17.25 and a beta of 1.91. PLBY Group, Inc. has a twelve month low of $1.19 and a twelve month 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.

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). PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%.The firm had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.72 million. On average, equities analysts predict that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

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

Analysts Set New Price Targets

Separately, Zacks Research downgraded 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, According to MarketBeat, the stock 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.