Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells $24,203.34 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 18,198 shares of the 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 sale, the director directly owned 201,462 shares in the company, valued at approximately $267,944.46. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

PLBY Group Stock Performance

NASDAQ:PLBY opened at $1.37 on Friday. The stock’s 50-day simple moving average is $1.58 and its 200 day simple moving average is $1.76. The firm has a market capitalization of $158.88 million, a PE ratio of -17.13 and a beta of 1.91. 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, Inc. has a twelve month low of $1.19 and a twelve month high of $2.75.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data 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 business had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of PLBY Group

Large investors have recently bought and sold shares of the business. Fortress Investment Group LLC raised its position in PLBY Group by 183.6% in the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after purchasing an additional 10,740,578 shares during the last quarter. Crcm LP raised its position in PLBY Group by 105.4% in the third quarter. Crcm LP now owns 1,451,156 shares of the company’s stock valued at $2,133,000 after purchasing an additional 744,536 shares during the last quarter. Boothbay Fund Management LLC bought a new position in PLBY Group in the second quarter valued at about $41,000. Bank of America Corp DE raised its position in PLBY Group by 56.5% in the first quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock valued at $129,000 after purchasing an additional 30,734 shares during the last quarter. Finally, Sei Investments Co. bought a new position in PLBY Group in the first quarter valued at about $577,000. 32.46% of the stock is owned by institutional investors and hedge funds.

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.