Tracey Edmonds Sells 30,816 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 30,816 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.24, for a total value of $38,211.84. Following the transaction, the director owned 223,548 shares of the company’s stock, valued at $277,199.52. The trade was a 12.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

PLBY Group Price Performance

Shares of NASDAQ:PLBY opened at $1.32 on Friday. PLBY Group, Inc. has a 1-year low of $1.19 and a 1-year high of $2.75. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The business has a fifty day moving average price of $1.62 and a 200-day moving average price of $1.76. The company has a market capitalization of $153.08 million, a PE ratio of -16.50 and a beta of 1.91.

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

Institutional Investors Weigh In On PLBY Group

Several large investors have recently bought and sold shares of PLBY. Fortress Investment Group LLC increased its holdings in PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after buying an additional 10,740,578 shares in the last quarter. Crcm LP increased its holdings in PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock worth $6,936,000 after buying an additional 2,238,296 shares in the last quarter. Bbfit Investments PTE Ltd. bought a new stake in PLBY Group in the 4th quarter worth about $2,297,000. Marshall Wace LLP bought a new stake in PLBY Group in the 4th quarter worth about $1,169,000. Finally, Sei Investments Co. bought a new stake in PLBY Group in the 1st quarter worth about $577,000. 32.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About PLBY Group

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.