Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells $20,035.18 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 16,558 shares of PLBY Group stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1.21, for a total value of $20,035.18. Following the completion of the transaction, the director owned 176,711 shares of the company’s stock, valued at approximately $213,820.31. This trade represents a 8.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

PLBY Group Stock Performance

NASDAQ PLBY opened at $1.20 on Monday. The business’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.51. PLBY Group, Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $2.75. The company has a market cap of $143.77 million, a P/E ratio of 24.00 and a beta of 1.89. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of PLBY Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PLBY Group has a consensus rating of “Reduce”.

Institutional Investors Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently modified their holdings of PLBY. CTC Alternative Strategies Ltd. bought a new position in PLBY Group in the 1st quarter valued at $27,000. Jones Financial Companies Lllp lifted its position in shares of PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after purchasing an additional 32,263 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of 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. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of PLBY Group by 136.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after purchasing an additional 14,641 shares during the period. 32.46% of the stock is owned by institutional investors.

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.