PLBY Group (NASDAQ:PLBY) CEO Sells $118,228.11 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 82,677 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $1.43, for a total transaction of $118,228.11. Following the transaction, the chief executive officer owned 5,894,632 shares in the company, valued at $8,429,323.76. This represents a 1.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Down 5.0%

Shares of NASDAQ PLBY traded down $0.07 during midday trading on Friday, hitting $1.33. 1,482,324 shares of the company traded hands, compared to its average volume of 1,035,866. PLBY Group, Inc. has a 12-month low of $1.19 and a 12-month high of $2.75. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.82 and a current ratio of 1.00. The stock has a 50-day moving average price of $1.67 and a 200 day moving average price of $1.76. The firm has a market cap of $154.24 million, a P/E ratio of -16.63 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. As a group, analysts expect that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On PLBY Group

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

Wall Street Analysts Forecast Growth

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