PLBY Group (NASDAQ:PLBY) Director Sells $10,896.69 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 8,193 shares of PLBY Group stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $1.33, for a total transaction of $10,896.69. Following the transaction, the director directly owned 193,269 shares of the company’s stock, valued at approximately $257,047.77. This trade represents a 4.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PLBY Group Price Performance

NASDAQ:PLBY opened at $1.37 on Friday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The firm has a market cap of $158.88 million, a price-to-earnings ratio of -17.13 and a beta of 1.91. The company has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.76. PLBY Group, Inc. has a 1-year low of $1.19 and a 1-year high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its earnings results 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 analysts’ expectations of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Equities research analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On PLBY Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLBY. Fortress Investment Group LLC increased its holdings in 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 acquiring an additional 10,740,578 shares in the last quarter. Crcm LP increased its holdings in PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock worth $6,936,000 after acquiring an additional 2,238,296 shares in the last quarter. Bbfit Investments PTE Ltd. purchased a new stake in PLBY Group in the 4th quarter worth $2,297,000. Marshall Wace LLP purchased a new stake in PLBY Group in the 4th quarter worth $1,169,000. Finally, Sei Investments Co. purchased a new stake in PLBY Group in the 1st quarter worth $577,000. Hedge funds and other institutional investors 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.