Christopher Riley Sells 9,590 Shares of PLBY Group, Inc. (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 9,590 shares of PLBY Group stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1.43, for a total value of $13,713.70. Following the transaction, the general counsel now owns 1,269,638 shares in the company, valued at approximately $1,815,582.34. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PLBY Group Trading Down 1.9%

PLBY stock traded down $0.03 during midday trading on Wednesday, hitting $1.59. 345,823 shares of the company’s stock were exchanged, compared to its average volume of 1,134,860. PLBY Group, Inc. has a 1-year low of $0.52 and a 1-year high of $2.44. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49. The stock has a market capitalization of $149.37 million, a PE ratio of -1.66 and a beta of 2.39. The business has a 50-day simple moving average of $1.12 and a two-hundred day simple moving average of $1.39.

PLBY Group (NASDAQ:PLBY) last posted its earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates of ($0.10). The company had revenue of $28.88 million for the quarter, compared to analysts’ expectations of $26.70 million. PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. On average, sell-side analysts predict that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

Institutional Trading of PLBY Group

Several institutional investors have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. acquired a new stake in shares of PLBY Group in the fourth quarter valued at $26,000. Jones Financial Companies Lllp boosted its holdings in PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after acquiring an additional 32,263 shares during the period. Tower Research Capital LLC TRC acquired a new position in PLBY Group in the 4th quarter valued at about $41,000. XTX Topco Ltd increased its stake in PLBY Group by 202.3% during the first quarter. XTX Topco Ltd now owns 42,518 shares of the company’s stock worth $47,000 after purchasing an additional 28,453 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of PLBY Group during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

PLBY has been the subject of a number of recent research reports. Roth Capital raised PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st. Wall Street Zen cut shares of PLBY Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Roth Mkm initiated coverage on shares of PLBY Group in a research note on Friday, January 31st. They set a “buy” rating and a $3.00 target price on the stock.

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.