Insider Selling: PLBY Group (NASDAQ:PLBY) CEO Sells $121,013.28 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 106,152 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $1.14, for a total value of $121,013.28. Following the transaction, the chief executive officer directly owned 5,488,408 shares of the company’s stock, valued at approximately $6,256,785.12. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Performance

PLBY Group stock remained flat at $1.16 during mid-day trading on Friday. The company’s stock had a trading volume of 636,360 shares, compared to its average volume of 1,008,768. PLBY Group, Inc. has a twelve month low of $1.12 and a twelve month high of $2.75. The company has a market capitalization of $134.53 million, a P/E ratio of -14.50 and a beta of 1.86. The business has a 50 day simple moving average of $1.38 and a 200 day simple moving average of $1.65. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59.

PLBY Group (NASDAQ:PLBY) last posted 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 during the quarter, compared to analysts’ expectations of $30.71 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. Equities research analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

PLBY has been the subject of a number of recent analyst reports. 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 MarketBeat, PLBY Group currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Hudson Bay Capital Management LP grew its stake in shares of PLBY Group by 16.0% during the 4th quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock valued at $77,000 after acquiring an additional 5,648 shares during the period. Kestra Advisory Services LLC boosted its position in shares of PLBY Group by 30.4% in the first quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock worth $45,000 after purchasing an additional 6,965 shares during the period. Engineers Gate Manager LP increased its stake in shares of PLBY Group by 57.8% in 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 in the last quarter. Bogart Wealth LLC raised its position in shares of PLBY Group by 66.7% during the 1st 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, Boothbay Fund Management LLC lifted its stake in shares of PLBY Group by 41.7% during the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock valued at $52,000 after buying an additional 10,500 shares in the last quarter. 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.