PLBY Group (NASDAQ:PLBY) CEO Sells $110,390.85 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 81,771 shares of PLBY Group stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1.35, for a total value of $110,390.85. Following the completion of the transaction, the chief executive officer owned 5,812,861 shares of the company’s stock, valued at $7,847,362.35. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Performance

Shares of PLBY opened at $1.33 on Monday. The stock has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $1.76. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00. The stock has a market capitalization of $154.24 million, a PE ratio of -16.63 and a beta of 1.91. PLBY Group, Inc. has a 1 year low of $1.19 and a 1 year high of $2.75.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On PLBY Group

Several institutional investors have recently added to or reduced their stakes in PLBY. Jones Financial Companies Lllp lifted its stake in PLBY Group by 7,468.3% during the first 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 during the last quarter. Jane Street Group LLC lifted its stake in PLBY Group by 15.4% during the first quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock worth $100,000 after purchasing an additional 12,089 shares during the last quarter. XTX Topco Ltd lifted its stake in PLBY Group by 192.4% during the second quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock worth $201,000 after purchasing an additional 81,792 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in PLBY Group during the second quarter worth approximately $41,000. Finally, Engineers Gate Manager LP lifted its stake in PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares during the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

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.