PLBY Group (NASDAQ:PLBY) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of PLBY Group (NASDAQ:PLBY) from a hold rating to a sell rating in a research note issued to investors on Sunday.

PLBY Group Price Performance

Shares of PLBY opened at $1.75 on Friday. The firm has a 50-day moving average of $1.52 and a 200-day moving average of $1.44. The company has a market cap of $164.40 million, a PE ratio of -1.88 and a beta of 2.50. PLBY Group has a one year low of $0.52 and a one year high of $2.44.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). The company had revenue of $28.88 million during the quarter, compared to analysts’ expectations of $26.70 million. PLBY Group had a negative return on equity of 1,460.70% and a negative net margin of 71.91%. Analysts expect that PLBY Group will post -1.01 earnings per share for the current year.

Insider Activity

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1.43, for a total value of $39,182.00. Following the transaction, the chief executive officer owned 4,346,015 shares in the company, valued at approximately $6,214,801.45. This represents a 0.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 38.30% of the company’s stock.

Institutional Investors Weigh In On PLBY Group

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in PLBY Group by 15.4% during the 1st quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock worth $100,000 after purchasing an additional 12,089 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of PLBY Group by 27.4% during the first quarter. Virtu Financial LLC now owns 62,705 shares of the company’s stock worth $69,000 after buying an additional 13,482 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of PLBY Group in the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC acquired a new position in shares of PLBY Group in the fourth quarter valued at about $41,000. Finally, XTX Topco Ltd increased its position 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 acquiring an additional 28,453 shares during the period. 32.46% of the stock is currently owned by institutional investors and hedge funds.

PLBY Group Company Profile

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.