PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 75,484 Shares

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 75,484 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $1.74, for a total transaction of $131,342.16. Following the sale, the chief executive officer directly owned 6,169,561 shares in the company, valued at $10,735,036.14. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Down 6.7%

Shares of NASDAQ:PLBY opened at $1.40 on Thursday. The stock has a market capitalization of $162.36 million, a price-to-earnings ratio of -17.50 and a beta of 1.91. PLBY Group, Inc. has a 1-year low of $1.16 and a 1-year high of $2.75. The company’s fifty day moving average is $1.69 and its two-hundred day moving average is $1.76. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.82 and a current ratio of 1.00.

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 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 $30.72 million. Equities analysts anticipate that PLBY Group, Inc. will post 0.09 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP grew its position in PLBY Group by 16.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock valued at $77,000 after buying an additional 5,648 shares in the last quarter. Kestra Advisory Services LLC grew its position in PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after buying an additional 6,965 shares in the last quarter. Engineers Gate Manager LP grew its position in PLBY Group by 57.8% in the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after buying an additional 8,390 shares in the last quarter. Bogart Wealth LLC grew its position in PLBY Group by 66.7% in the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its position in PLBY Group by 41.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock valued at $52,000 after buying an additional 10,500 shares in the last quarter. Institutional investors own 32.46% of the company’s stock.

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.