PLBY Group (NASDAQ:PLBY) CEO Sells $129,661.21 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 108,959 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $1.19, for a total value of $129,661.21. Following the completion of the transaction, the chief executive officer owned 5,703,902 shares in the company, valued at $6,787,643.38. The trade was a 1.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Up 1.8%

Shares of NASDAQ PLBY traded up $0.02 during midday trading on Thursday, hitting $1.16. The stock had a trading volume of 798,702 shares, compared to its average volume of 990,583. The company’s 50-day simple moving average is $1.39 and its 200 day simple moving average is $1.66. The firm has a market cap of $134.53 million, a P/E ratio of -14.50 and a beta of 1.86. PLBY Group, Inc. has a fifty-two week low of $1.12 and a fifty-two week 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.

PLBY Group (NASDAQ:PLBY) last issued 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 firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.71 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Research analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PLBY Group in a report on Thursday, June 18th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, PLBY Group currently has an average rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. acquired a new stake in shares of PLBY Group in the 1st quarter valued at approximately $27,000. Engineers Gate Manager LP grew its holdings in PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after purchasing an additional 8,390 shares during the period. Bogart Wealth LLC grew its holdings in PLBY Group by 66.7% during the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the period. Boothbay Fund Management LLC bought a new stake in PLBY Group in the second quarter valued at approximately $41,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in PLBY Group by 136.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock worth $39,000 after purchasing an additional 14,641 shares during the period. Institutional investors own 32.46% of the company’s stock.

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.