PLBY Group (NASDAQ:PLBY) Releases Earnings Results, Hits Expectations

PLBY Group (NASDAQ:PLBY) issued its quarterly earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, FiscalAI reports. The business had revenue of $34.91 million for the quarter, compared to analysts’ expectations of $33.52 million.

PLBY Group Stock Performance

PLBY traded up $0.09 during midday trading on Monday, hitting $1.77. 2,106,304 shares of the company traded hands, compared to its average volume of 1,112,880. The company’s 50-day moving average is $1.87 and its 200 day moving average is $1.72. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 46.45. The firm has a market capitalization of $190.74 million, a PE ratio of -5.36 and a beta of 2.59. PLBY Group has a 52 week low of $0.90 and a 52 week high of $2.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in PLBY Group in the 4th quarter worth $228,000. Millennium Management LLC grew its holdings in PLBY Group by 63.4% during the third quarter. Millennium Management LLC now owns 138,200 shares of the company’s stock valued at $203,000 after purchasing an additional 53,646 shares during the period. XTX Topco Ltd grew its holdings 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 purchasing an additional 81,792 shares during the period. Barclays PLC increased its position in PLBY Group by 6,345.4% in the fourth quarter. Barclays PLC now owns 60,651 shares of the company’s stock worth $114,000 after buying an additional 59,710 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of PLBY Group by 15.4% in the first quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock worth $100,000 after buying an additional 12,089 shares during the period. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.