PLBY Group (NASDAQ:PLBY) CEO Sells $141,891.00 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 94,594 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $1.50, for a total value of $141,891.00. Following the completion of the sale, the chief executive officer directly owned 6,074,967 shares of the company’s stock, valued at $9,112,450.50. This represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Down 6.7%

Shares of NASDAQ:PLBY traded down $0.10 on Wednesday, reaching $1.40. The company had a trading volume of 2,547,528 shares, compared to its average volume of 993,197. PLBY Group, Inc. has a twelve month low of $1.16 and a twelve month high of $2.75. The stock has a 50-day moving average price of $1.69 and a 200 day moving average price of $1.76. The stock has a market capitalization of $162.36 million, a P/E ratio of -17.50 and a beta of 1.91. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 4.59.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.72 million. On average, equities analysts expect that PLBY Group, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

Several large investors have recently added to or reduced their stakes in PLBY. Fortress Investment Group LLC raised its holdings in PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after acquiring an additional 10,740,578 shares in the last quarter. Crcm LP raised its holdings in PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after acquiring an additional 2,238,296 shares in the last quarter. Bbfit Investments PTE Ltd. acquired a new position in PLBY Group in the 4th quarter valued at approximately $2,297,000. Marshall Wace LLP acquired a new position in PLBY Group in the 4th quarter valued at approximately $1,169,000. Finally, 683 Capital Management LLC acquired a new position in PLBY Group in the 4th quarter valued at approximately $492,000. Institutional investors and hedge funds own 32.46% of the company’s stock.

Analyst Ratings Changes

Separately, Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, PLBY Group currently has an average 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.