PLBY Group’s (PLBY) Buy Rating Reiterated at Chardan Capital

Chardan Capital reaffirmed their buy rating on shares of PLBY Group (NASDAQ:PLBY) in a research report sent to investors on Tuesday, Benzinga reports. Chardan Capital currently has a $4.00 target price on the stock.

PLBY Group Price Performance

Shares of NASDAQ PLBY opened at $1.05 on Tuesday. PLBY Group has a 1-year low of $0.43 and a 1-year high of $2.03. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.02 and a quick ratio of 0.83. The business’s fifty day moving average price is $1.04 and its two-hundred day moving average price is $0.87. The firm has a market capitalization of $76.27 million, a PE ratio of -0.40 and a beta of 2.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rizvi Traverse Management LLC grew its stake in shares of PLBY Group by 33.9% in the first quarter. Rizvi Traverse Management LLC now owns 14,311,573 shares of the company’s stock worth $28,337,000 after purchasing an additional 3,623,293 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of PLBY Group by 37.2% in the third quarter. Vanguard Group Inc. now owns 2,604,750 shares of the company’s stock worth $2,086,000 after purchasing an additional 705,709 shares in the last quarter. BlackRock Inc. grew its stake in shares of PLBY Group by 5.7% in the first quarter. BlackRock Inc. now owns 2,580,437 shares of the company’s stock worth $5,109,000 after purchasing an additional 140,018 shares in the last quarter. Portolan Capital Management LLC bought a new position in PLBY Group during the first quarter valued at about $2,620,000. Finally, Geode Capital Management LLC boosted its stake in PLBY Group by 8.5% during the first quarter. Geode Capital Management LLC now owns 757,188 shares of the company’s stock valued at $1,499,000 after buying an additional 59,443 shares in the last quarter. Institutional investors own 32.46% of the company’s stock.

PLBY Group Company Profile

PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as lingerie, intimates, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.