PLBY Group (NASDAQ:PLBY) Issues Quarterly Earnings Results, Hits Expectations

PLBY Group (NASDAQ:PLBY) released its earnings results on Monday. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03, FiscalAI reports. The firm had revenue of $34.91 million for the quarter, compared to the consensus estimate of $33.52 million.

PLBY Group Price Performance

PLBY traded up $0.09 on Monday, hitting $1.77. 2,106,304 shares of the company’s stock traded hands, compared to its average volume of 1,112,880. The company’s 50 day simple moving average is $1.87 and its 200-day simple moving average is $1.72. The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 46.45. PLBY Group has a one year low of $0.90 and a one year high of $2.75. The firm has a market cap of $190.74 million, a price-to-earnings ratio of -5.36 and a beta of 2.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, PLBY Group has an average rating of “Sell”.

Institutional Investors Weigh In On PLBY Group

Several institutional investors and hedge funds have recently modified their holdings of PLBY. Jones Financial Companies Lllp raised its position in shares of PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after buying an additional 32,263 shares during the last quarter. Engineers Gate Manager LP boosted its position 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 worth $37,000 after acquiring an additional 8,390 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in PLBY Group during the second quarter valued at $41,000. Qube Research & Technologies Ltd bought a new stake in PLBY Group in the 3rd quarter valued at $56,000. Finally, Balyasny Asset Management L.P. bought a new stake in PLBY Group in the 4th quarter valued at $60,000. Institutional investors own 32.46% of the company’s stock.

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.