Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells $20,035.18 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 16,558 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1.21, for a total value of $20,035.18. Following the completion of the transaction, the director directly owned 176,711 shares in the company, valued at $213,820.31. This trade represents a 8.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PLBY Group Price Performance

Shares of PLBY stock remained flat at $1.20 during trading hours on Friday. The stock had a trading volume of 173,524 shares, compared to its average volume of 979,281. The stock’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.52. The stock has a market cap of $143.77 million, a P/E ratio of 24.40 and a beta of 1.89. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79. PLBY Group, Inc. has a 12-month low of $1.08 and a 12-month high of $2.75.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On PLBY Group

A number of institutional investors have recently added to or reduced their stakes in 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. Jane Street Group LLC boosted its position in shares of PLBY Group by 15.4% during the first quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock worth $100,000 after acquiring an additional 12,089 shares during the last quarter. XTX Topco Ltd grew its stake in PLBY Group by 192.4% during the second quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock valued at $201,000 after acquiring an additional 81,792 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in PLBY Group during the second quarter valued at $41,000. Finally, Engineers Gate Manager LP grew its stake in PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after acquiring an additional 8,390 shares in the last quarter. 32.46% of the stock is owned by hedge funds and other institutional investors.

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.