PLBY Group’s (PLBY) Buy Rating Reaffirmed at Chardan Capital

Chardan Capital reissued their buy rating on shares of PLBY Group (NASDAQ:PLBY) in a report published on Wednesday morning, Benzinga reports. Chardan Capital currently has a $4.00 target price on the stock.

PLBY Group Price Performance

Shares of PLBY traded up $0.02 during trading hours on Wednesday, reaching $1.06. 119,306 shares of the company’s stock traded hands, compared to its average volume of 581,512. The stock has a market cap of $77.15 million, a PE ratio of -0.40 and a beta of 2.49. The company has a current ratio of 1.18, a quick ratio of 0.96 and a debt-to-equity ratio of 4.14. The firm’s 50 day simple moving average is $0.96 and its 200-day simple moving average is $0.91. PLBY Group has a 12 month low of $0.43 and a 12 month high of $2.01.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.02. The company had revenue of $39.36 million for the quarter, compared to analysts’ expectations of $34.80 million. PLBY Group had a negative return on equity of 93.57% and a negative net margin of 119.60%. Equities analysts expect that PLBY Group will post -0.14 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

A number of large investors have recently modified their holdings of the company. Sfmg LLC raised its holdings in shares of PLBY Group by 65.0% during the 4th quarter. Sfmg LLC now owns 330,000 shares of the company’s stock valued at $330,000 after buying an additional 130,000 shares in the last quarter. P.A.W. Capital Corp raised its holdings in shares of PLBY Group by 233.3% during the 4th quarter. P.A.W. Capital Corp now owns 200,000 shares of the company’s stock valued at $200,000 after buying an additional 140,000 shares in the last quarter. Finally, Kure Advisory LLC purchased a new position in shares of PLBY Group during the 4th quarter valued at about $69,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

PLBY Group Company Profile

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.