PLBY Group (NASDAQ:PLBY) General Counsel Christopher Riley Sells 71,471 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 71,471 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $1.26, for a total value of $90,053.46. Following the completion of the sale, the general counsel owned 1,617,208 shares of the company’s stock, valued at approximately $2,037,682.08. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Monday, July 6th, Christopher Riley sold 74,949 shares of PLBY Group stock. The stock was sold at an average price of $1.23, for a total value of $92,187.27.
• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The shares were sold at an average price of $1.78, for a total value of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The shares were sold at an average price of $1.75, for a total value of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The stock was sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Price Performance

Shares of NASDAQ PLBY traded down $0.03 during mid-day trading on Tuesday, reaching $1.18. The company had a trading volume of 785,404 shares, compared to its average volume of 1,044,007. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00. PLBY Group, Inc. has a one year low of $1.18 and a one year high of $2.75. The firm has a market cap of $136.84 million, a price-to-earnings ratio of -14.75 and a beta of 1.86. The business’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.67.

PLBY Group (NASDAQ:PLBY) last posted 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 firm had revenue of $30.24 million for the quarter, compared to the consensus estimate of $30.71 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. On average, research analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

A number of hedge funds have recently made changes to their positions in PLBY. CTC Alternative Strategies Ltd. acquired a new position in PLBY Group during the 1st quarter worth approximately $27,000. Bank of America Corp DE boosted 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 buying an additional 30,734 shares in the last quarter. Sei Investments Co. bought a new stake in shares of PLBY Group during the first quarter worth $577,000. Crcm LP grew its stake in shares of PLBY Group by 17.8% during the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after buying an additional 656,065 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of PLBY Group during the first quarter worth $228,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLBY. Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average 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.