PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 109,342 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 109,342 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $1.14, for a total transaction of $124,649.88. Following the completion of the sale, the chief executive officer owned 5,594,560 shares of the company’s stock, valued at approximately $6,377,798.40. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

PLBY Group stock opened at $1.16 on Friday. PLBY Group, Inc. has a 52 week low of $1.12 and a 52 week high of $2.75. The company’s 50 day moving average price is $1.39 and its two-hundred day moving average price is $1.66. The stock has a market cap of $134.53 million, a P/E ratio of -14.50 and a beta of 1.86. 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 (NASDAQ:PLBY) last released its earnings results 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). The business had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.71 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, equities analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On PLBY Group

Several large investors have recently modified their holdings of PLBY. Fortress Investment Group LLC raised its holdings in shares of PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after purchasing an additional 10,740,578 shares during the period. Crcm LP lifted its stake in PLBY Group by 154.2% in the fourth quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after purchasing an additional 2,238,296 shares during the last quarter. Bbfit Investments PTE Ltd. bought a new position in PLBY Group during the fourth quarter valued at $2,297,000. Marshall Wace LLP bought a new position in PLBY Group during the fourth quarter valued at $1,169,000. Finally, Sei Investments Co. purchased a new stake in PLBY Group in the first quarter worth $577,000. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

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