PLBY Group (NASDAQ:PLBY) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

PLBY Group (NASDAQ:PLBY) issued its quarterly earnings data on Wednesday. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04, Zacks reports. The firm had revenue of $28.99 million during the quarter, compared to the consensus estimate of $29.51 million.

PLBY Group Price Performance

Shares of NASDAQ:PLBY opened at $1.36 on Thursday. The company has a market capitalization of $129.35 million, a P/E ratio of -1.74 and a beta of 2.46. PLBY Group has a 1-year low of $0.85 and a 1-year high of $2.44. The firm’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $1.54.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLBY Group in a research note on Tuesday. Wall Street Zen raised shares of PLBY Group from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, PLBY Group presently has an average rating of “Moderate Buy” and an average price target of $3.00.

Institutional Trading of PLBY Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in PLBY Group by 7,468.3% in the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after purchasing an additional 32,263 shares in the last quarter. Jane Street Group LLC increased its stake in PLBY Group by 15.4% in the 1st 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 raised its holdings in shares of PLBY Group by 192.4% during the 2nd quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock worth $201,000 after acquiring an additional 81,792 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of PLBY Group during the 2nd quarter valued at approximately $41,000. Finally, Engineers Gate Manager LP boosted its position in shares of PLBY Group by 57.8% during the 2nd 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 during the last quarter. 32.46% of the stock is currently owned by institutional investors.

PLBY Group Company Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, 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.