PLBY Group (NASDAQ:PLBY) General Counsel Sells $90,053.46 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 71,471 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $1.26, for a total value of $90,053.46. Following the completion of the transaction, the general counsel directly owned 1,617,208 shares of the company’s stock, valued at $2,037,682.08. The trade was a 4.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Monday, July 6th, Christopher Riley sold 74,949 shares of PLBY Group stock. The shares were sold at an average price of $1.23, for a total value of $92,187.27.
• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The stock was sold at an average price of $1.78, for a total transaction of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The stock was sold at an average price of $1.75, for a total transaction of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The shares were sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Price Performance

Shares of NASDAQ PLBY opened at $1.16 on Friday. The firm has a 50-day simple moving average of $1.39 and a 200-day simple moving average of $1.66. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. The stock has a market capitalization of $134.53 million, a price-to-earnings ratio of -14.50 and a beta of 1.86. PLBY Group, Inc. has a 52 week low of $1.12 and a 52 week high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its quarterly 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 positive return on equity of 21.89% and a negative net margin of 6.21%.The business had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.71 million. On average, equities analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Trading of PLBY Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fortress Investment Group LLC lifted its holdings in PLBY Group by 183.6% in the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after acquiring an additional 10,740,578 shares during the last quarter. Crcm LP grew its position in PLBY Group by 17.8% in the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after acquiring an additional 656,065 shares during the period. Vanguard Group Inc. increased its stake in PLBY Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock worth $3,953,000 after acquiring an additional 26,060 shares during the last quarter. Bbfit Investments PTE Ltd. purchased a new stake in PLBY Group in the fourth quarter valued at $2,297,000. Finally, Geode Capital Management LLC raised its position in PLBY Group by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock valued at $1,398,000 after purchasing an additional 97,321 shares during the period. Institutional investors and hedge funds own 32.46% of the company’s stock.

Analyst Upgrades and Downgrades

PLBY has been the subject of a number of analyst reports. Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, PLBY Group has a consensus 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.