PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 106,152 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 106,152 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $1.14, for a total value of $121,013.28. Following the completion of the transaction, the chief executive officer directly owned 5,488,408 shares in the company, valued at $6,256,785.12. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of NASDAQ PLBY opened at $1.16 on Friday. PLBY Group, Inc. has a 1-year low of $1.12 and a 1-year high of $2.75. The business has a 50-day moving average of $1.39 and a 200-day moving average of $1.66. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The company has a market capitalization of $134.53 million, a price-to-earnings ratio of -14.50 and a beta of 1.86.

PLBY Group (NASDAQ:PLBY) last posted 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 during the quarter, compared to analyst estimates of $30.71 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, equities analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PLBY. Fortress Investment Group LLC grew its holdings in PLBY Group by 183.6% during the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after acquiring an additional 10,740,578 shares in the last quarter. Crcm LP raised its stake in shares of PLBY Group by 17.8% in the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after purchasing an additional 656,065 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PLBY Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock valued at $3,953,000 after purchasing an additional 26,060 shares in the last quarter. Bbfit Investments PTE Ltd. bought a new position in shares of PLBY Group during the fourth quarter worth about $2,297,000. Finally, Geode Capital Management LLC lifted its position in shares of PLBY Group by 15.1% during the fourth quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock worth $1,398,000 after purchasing an additional 97,321 shares during the last quarter. 32.46% of the stock is currently owned by institutional investors.

About PLBY Group

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.