Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells 8,193 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 8,193 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1.33, for a total value of $10,896.69. Following the sale, the director owned 193,269 shares in the company, valued at $257,047.77. This trade represents a 4.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PLBY Group Trading Up 3.9%

PLBY Group stock traded up $0.05 during midday trading on Wednesday, reaching $1.33. The stock had a trading volume of 686,054 shares, compared to its average volume of 1,116,329. PLBY Group, Inc. has a twelve month low of $1.19 and a twelve month high of $2.75. The stock has a market capitalization of $154.24 million, a PE ratio of -16.63 and a beta of 1.91. 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’s 50-day simple moving average is $1.60 and its 200 day simple moving average is $1.76.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. purchased a new position in PLBY Group in the first quarter valued at about $27,000. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 32,263 shares during the period. Engineers Gate Manager LP raised its position in 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 purchasing an additional 8,390 shares during the period. Bogart Wealth LLC raised its position in 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 purchasing an additional 10,000 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its position in 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 purchasing an additional 14,641 shares during the period. 32.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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