Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells 30,816 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 30,816 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $1.24, for a total value of $38,211.84. Following the completion of the sale, the director directly owned 223,548 shares of the company’s stock, valued at approximately $277,199.52. The trade was a 12.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

PLBY Group Stock Up 1.6%

Shares of NASDAQ PLBY traded up $0.02 during trading hours on Thursday, hitting $1.29. The stock had a trading volume of 479,889 shares, compared to its average volume of 1,068,151. The company has a market capitalization of $149.60 million, a P/E ratio of -16.13 and a beta of 1.91. The firm’s 50-day moving average price is $1.63 and its two-hundred day moving average price is $1.76. PLBY Group, Inc. has a 52 week low of $1.19 and a 52 week high of $2.75. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00.

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

Institutional Investors Weigh In On PLBY Group

Several hedge funds have recently modified their holdings of PLBY. Jones Financial Companies Lllp boosted its position in shares of PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after acquiring an additional 32,263 shares during the period. Engineers Gate Manager LP boosted its position in shares of PLBY Group by 57.8% in the second 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 period. Bogart Wealth LLC boosted its position in shares of PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after acquiring an additional 10,000 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of PLBY Group by 136.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after acquiring an additional 14,641 shares during the period. Finally, Boothbay Fund Management LLC bought a new stake in shares of PLBY Group in the second quarter valued at approximately $41,000. 32.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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