PLBY Group (NASDAQ:PLBY) Major Shareholder Sells $5,000,000.25 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) major shareholder Special Opportuniti Drawbridge sold 4,761,905 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $1.05, for a total transaction of $5,000,000.25. Following the completion of the sale, the insider directly owned 85,328 shares in the company, valued at approximately $89,594.40. This trade represents a 98.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Special Opportuniti Drawbridge also recently made the following trade(s):

• On Monday, August 24th, Special Opportuniti Drawbridge sold 2,857,143 shares of PLBY Group stock. The shares were sold at an average price of $1.05, for a total transaction of $3,000,000.15.

PLBY Group Stock Performance

Shares of NASDAQ:PLBY opened at $1.24 on Friday. The company has a market cap of $148.56 million, a price-to-earnings ratio of 26.50 and a beta of 1.88. The company has a 50-day moving average price of $1.11 and a 200-day moving average price of $1.43. The company has a current ratio of 0.79, a quick ratio of 0.64 and a debt-to-equity ratio of 6.83. PLBY Group, Inc. has a 12 month low of $0.95 and a 12 month high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its earnings results on Thursday, November 5th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $31.71 million during the quarter, compared to analyst estimates of $30.32 million. PLBY Group had a net margin of 0.23% and a return on equity of 30.31%. As a group, equities analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

A number of institutional investors have recently bought and sold shares of the stock. Crcm LP raised its stake in PLBY Group by 17.8% in 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 in the last quarter. Bank of America Corp DE boosted its position in PLBY Group by 56.5% during the 1st quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock valued at $129,000 after acquiring an additional 30,734 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new stake in PLBY Group during the 1st quarter valued at approximately $27,000. Sei Investments Co. bought a new stake in PLBY Group during the 1st quarter valued at approximately $577,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of PLBY Group by 30.4% during the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock worth $45,000 after acquiring an additional 6,965 shares during the period. 32.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Zacks Research raised PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

About PLBY Group

PLBY Group, Inc was a global media and lifestyle company associated with the Playboy brand. Its business focused on developing, licensing and marketing Playboy-branded products and experiences across categories including apparel, accessories, consumer products, digital media and sexual wellness.

The company’s operations were built around the Playboy intellectual property, which includes the Playboy name, rabbit-head logo, editorial archive and related creative assets. PLBY Group generated business through brand licensing, direct-to-consumer commerce, digital content and partnerships with manufacturers, retailers and other commercial operators.

Playboy was founded by Hugh Hefner in 1953 as a men’s lifestyle magazine and later expanded into television, publishing, hospitality, merchandise and licensing.