PLBY Group (NASDAQ:PLBY) Announces Quarterly Earnings Results

PLBY Group (NASDAQ:PLBY – Get Rating) issued its quarterly earnings data on Thursday. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.09), Briefing.com reports. PLBY Group had a negative return on equity of 8.49% and a negative net margin of 110.70%. The company had revenue of $68.50 million during the quarter, compared to analysts’ expectations of $75.65 million. During the same quarter last year, the business earned ($1.14) earnings per share. The business’s quarterly revenue was down 28.4% on a year-over-year basis.

PLBY Group Trading Down 11.0 %

NASDAQ:PLBY opened at $1.75 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.43. PLBY Group has a 12 month low of $1.63 and a 12 month high of $15.90. The company has a market cap of $81.25 million, a PE ratio of -0.25 and a beta of 2.39. The company has a 50 day simple moving average of $2.57 and a two-hundred day simple moving average of $3.30.

Insiders Place Their Bets

In other PLBY Group news, CEO Bernhard L. Kohn III sold 151,617 shares of PLBY Group stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $3.27, for a total value of $495,787.59. Following the completion of the sale, the chief executive officer now owns 1,426,432 shares of the company’s stock, valued at approximately $4,664,432.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 30.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC purchased a new position in shares of PLBY Group during the 3rd quarter valued at $42,000. Deutsche Bank AG lifted its stake in shares of PLBY Group by 53.1% during the 4th quarter. Deutsche Bank AG now owns 17,867 shares of the company’s stock valued at $49,000 after buying an additional 6,195 shares in the last quarter. FMR LLC lifted its stake in shares of PLBY Group by 89.3% during the 2nd quarter. FMR LLC now owns 8,198 shares of the company’s stock valued at $53,000 after buying an additional 3,867 shares in the last quarter. American International Group Inc. lifted its stake in shares of PLBY Group by 32.8% during the 4th quarter. American International Group Inc. now owns 19,611 shares of the company’s stock valued at $54,000 after buying an additional 4,841 shares in the last quarter. Finally, MetLife Investment Management LLC purchased a new position in shares of PLBY Group during the 4th quarter valued at $68,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Roth Mkm decreased their target price on shares of PLBY Group from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday. Chardan Capital reaffirmed a “buy” rating and set a $5.00 target price on shares of PLBY Group in a research note on Monday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

About PLBY Group

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PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as products that enhance sexual experience, lingerie, bedroom accessories, intimates, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.