PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) Director Tracey Edmonds sold 25,900 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $1.16, for a total transaction of $30,044.00. Following the sale, the director owned 142,253 shares in the company, valued at approximately $165,013.48. This trade represents a 15.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
PLBY Group Stock Performance
Shares of PLBY stock opened at $1.14 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.79 and a debt-to-equity ratio of 6.83. The business has a 50 day moving average of $1.20 and a two-hundred day moving average of $1.44. PLBY Group, Inc. has a 52 week low of $1.08 and a 52 week high of $2.75. The company has a market cap of $136.58 million, a P/E ratio of 23.00 and a beta of 1.91.
Analysts Set New Price Targets
PLBY has been the topic of several analyst reports. Zacks Research raised PLBY Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Institutional Investors Weigh In On PLBY Group
A number of hedge funds have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. acquired a new stake in PLBY Group in the 1st quarter valued at approximately $27,000. 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 worth $129,000 after acquiring an additional 30,734 shares during the period. Sei Investments Co. acquired a new position in PLBY Group during the 1st quarter worth $577,000. Crcm LP grew its stake in shares of 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 purchasing an additional 656,065 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in shares of PLBY Group in the first quarter worth $228,000. 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.
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