Tracey Edmonds Sells 75,000 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $1.65, for a total transaction of $123,750.00. Following the sale, the director owned 215,010 shares of the company’s stock, valued at $354,766.50. This represents a 25.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PLBY Group Trading Up 3.8%

NASDAQ PLBY opened at $1.91 on Thursday. The firm’s fifty day moving average price is $1.48 and its 200 day moving average price is $1.59. PLBY Group, Inc. has a 12 month low of $0.90 and a 12 month high of $2.44. The company has a debt-to-equity ratio of 46.45, a current ratio of 0.92 and a quick ratio of 0.78. The company has a market capitalization of $205.82 million, a price-to-earnings ratio of -5.79 and a beta of 2.46.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $28.99 million during the quarter, compared to analyst estimates of $29.51 million. On average, sell-side analysts expect that PLBY Group, Inc. will post -1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded PLBY Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.00.

Hedge Funds Weigh In On PLBY Group

Institutional investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp acquired a new position in shares of PLBY Group in the first quarter valued at approximately $247,000. XTX Topco Ltd lifted its holdings in shares of PLBY Group by 202.3% during the first quarter. XTX Topco Ltd now owns 42,518 shares of the company’s stock worth $47,000 after purchasing an additional 28,453 shares during the period. Virtu Financial LLC grew its position in PLBY Group by 27.4% in the 1st quarter. Virtu Financial LLC now owns 62,705 shares of the company’s stock valued at $69,000 after buying an additional 13,482 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in PLBY Group by 42.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 30,760 shares of the company’s stock valued at $50,000 after buying an additional 9,160 shares during the period. Finally, Sfmg LLC raised its position in PLBY Group by 12.0% during the 1st quarter. Sfmg LLC now owns 411,000 shares of the company’s stock worth $452,000 after buying an additional 44,000 shares during the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

About PLBY Group

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.