PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 97,658 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 97,658 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $1.39, for a total transaction of $135,744.62. Following the transaction, the chief executive officer owned 5,977,309 shares in the company, valued at approximately $8,308,459.51. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Down 6.7%

Shares of PLBY stock opened at $1.40 on Thursday. PLBY Group, Inc. has a 1-year low of $1.16 and a 1-year high of $2.75. The firm’s 50-day simple moving average is $1.69 and its 200-day simple moving average is $1.76. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.82. The firm has a market cap of $162.36 million, a P/E ratio of -17.50 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) 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 business had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $30.72 million. As a group, equities analysts forecast that PLBY Group, Inc. will post 0.09 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On PLBY Group

Several large investors have recently made changes to their positions in PLBY. Engineers Gate Manager LP raised its stake in shares of PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after purchasing an additional 8,390 shares during the period. Bogart Wealth LLC raised its stake in shares of PLBY Group by 66.7% during the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of PLBY Group during the second quarter valued at approximately $41,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of PLBY Group by 136.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after purchasing an additional 14,641 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in shares of PLBY Group by 30.4% during the first quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after purchasing an additional 6,965 shares during the period. Institutional investors and hedge funds own 32.46% of the company’s stock.

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.