PLBY Group (NASDAQ:PLBY) Rating Lowered to “Sell” at Wall Street Zen

PLBY Group (NASDAQ:PLBY) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other research analysts also recently issued reports about the stock. Roth Capital upgraded shares of PLBY Group to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm began coverage on shares of PLBY Group in a research report on Friday, January 31st. They issued a “buy” rating and a $3.00 price target on the stock.

PLBY Group Stock Performance

PLBY Group stock opened at $1.45 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49. PLBY Group has a 1 year low of $0.52 and a 1 year high of $2.44. The company has a market cap of $136.21 million, a PE ratio of -1.51 and a beta of 2.39. The company’s 50-day moving average is $1.11 and its two-hundred day moving average is $1.39.

PLBY Group (NASDAQ:PLBY) last released its earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. The company had revenue of $28.88 million for the quarter, compared to the consensus estimate of $26.70 million. Equities analysts anticipate that PLBY Group will post -1.01 earnings per share for the current year.

Institutional Trading of PLBY Group

A number of hedge funds have recently modified their holdings of PLBY. Crcm LP acquired a new stake in shares of PLBY Group in the 4th quarter valued at approximately $4,489,000. Renaissance Technologies LLC raised its position in shares of PLBY Group by 2,004.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company’s stock valued at $387,000 after acquiring an additional 252,526 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in PLBY Group during the 1st quarter worth approximately $247,000. Millennium Management LLC acquired a new stake in PLBY Group during the 4th quarter worth approximately $281,000. Finally, Geode Capital Management LLC raised its holdings in PLBY Group by 29.8% during the 4th quarter. Geode Capital Management LLC now owns 719,299 shares of the company’s stock worth $1,050,000 after buying an additional 165,092 shares during the period. 32.46% of the stock is currently owned by institutional investors and hedge funds.

About PLBY Group

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.