PLBY Group (NASDAQ:PLBY) Posts Earnings Results, Misses Estimates By $0.32 EPS

PLBY Group (NASDAQ:PLBY) announced its earnings results on Tuesday. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.32), Zacks reports. The business had revenue of $12.86 million for the quarter. PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%.

PLBY Group Stock Performance

PLBY Group stock traded up $0.04 during mid-day trading on Friday, hitting $1.15. 334,024 shares of the company’s stock traded hands, compared to its average volume of 1,144,068. PLBY Group has a one year low of $0.44 and a one year high of $1.55. The company has a market cap of $103.03 million, a PE ratio of -1.17 and a beta of 2.26. The firm has a 50 day moving average price of $0.81 and a 200 day moving average price of $0.81. The company has a quick ratio of 0.70, a current ratio of 1.44 and a debt-to-equity ratio of 12.49.

Insiders Place Their Bets

In other news, CEO Bernhard L. Kohn III sold 71,323 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $0.56, for a total value of $39,940.88. Following the completion of the sale, the chief executive officer now directly owns 2,590,023 shares of the company’s stock, valued at approximately $1,450,412.88. This represents a 2.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “hold” rating and issued a $0.70 price target (down from $1.50) on shares of PLBY Group in a report on Friday, August 9th.

About PLBY Group

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.