PLBY Group (NASDAQ:PLBY) Director Acquires $5,000,000.25 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Holding S.A R.L. Docler bought 4,761,905 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of $1.05 per share, with a total value of $5,000,000.25. Following the completion of the transaction, the director directly owned 19,707,207 shares of the company’s stock, valued at approximately $20,692,567.35. The trade was a 31.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

PLBY Group Stock Performance

Shares of PLBY opened at $1.24 on Friday. PLBY Group, Inc. has a 1 year low of $0.95 and a 1 year high of $2.75. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.79 and a quick ratio of 0.64. The stock’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.43. The firm has a market cap of $148.56 million, a PE ratio of 26.50 and a beta of 1.88.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. PLBY Group had a return on equity of 30.31% and a net margin of 0.23%. The company had revenue of $31.71 million during the quarter, compared to the consensus estimate of $30.32 million. On average, equities research analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

Several hedge funds have recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. purchased a new stake in PLBY Group during the 1st quarter worth about $27,000. Bank of America Corp DE grew its holdings in PLBY Group by 56.5% during the 1st quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock valued at $129,000 after buying an additional 30,734 shares in the last quarter. Sei Investments Co. purchased a new position in PLBY Group during the 1st quarter valued at about $577,000. Crcm LP grew its holdings in PLBY Group by 17.8% during the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after buying an additional 656,065 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in PLBY Group during the 1st quarter valued at about $228,000. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About PLBY Group

PLBY Group, Inc was a global media and lifestyle company associated with the Playboy brand. Its business focused on developing, licensing and marketing Playboy-branded products and experiences across categories including apparel, accessories, consumer products, digital media and sexual wellness.

The company’s operations were built around the Playboy intellectual property, which includes the Playboy name, rabbit-head logo, editorial archive and related creative assets. PLBY Group generated business through brand licensing, direct-to-consumer commerce, digital content and partnerships with manufacturers, retailers and other commercial operators.

Playboy was founded by Hugh Hefner in 1953 as a men’s lifestyle magazine and later expanded into television, publishing, hospitality, merchandise and licensing.