PLBY Group Sees Unusually High Options Volume (NASDAQ:PLBY)

PLBY Group, Inc. (NASDAQ:PLBY) was the recipient of unusually large options trading activity on Monday. Investors acquired 7,744 call options on the company. This is an increase of 1,249% compared to the typical volume of 574 call options.

Insider Transactions at PLBY Group

In related news, Director Tracey E. Edmonds sold 75,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $1.65, for a total transaction of $123,750.00. Following the sale, the director directly owned 215,010 shares in the company, valued at approximately $354,766.50. This trade represents a 25.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 38.30% of the company’s stock.

Institutional Trading of PLBY Group

Several institutional investors have recently added to or reduced their stakes in PLBY. OMERS ADMINISTRATION Corp acquired a new position in shares of PLBY Group in the 1st quarter valued at about $247,000. XTX Topco Ltd lifted its holdings in PLBY Group by 202.3% in the first quarter. XTX Topco Ltd now owns 42,518 shares of the company’s stock worth $47,000 after acquiring an additional 28,453 shares during the last quarter. Virtu Financial LLC boosted its stake in PLBY Group by 27.4% in the first quarter. Virtu Financial LLC now owns 62,705 shares of the company’s stock valued at $69,000 after acquiring an additional 13,482 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of PLBY Group by 42.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 30,760 shares of the company’s stock valued at $50,000 after purchasing an additional 9,160 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of PLBY Group during the 2nd quarter worth approximately $54,000. Institutional investors own 32.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of PLBY Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PLBY Group in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, PLBY Group presently has an average rating of “Moderate Buy” and an average target price of $3.00.

PLBY Group Stock Down 3.6%

NASDAQ:PLBY opened at $2.38 on Wednesday. The stock has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $1.63. PLBY Group has a one year low of $0.90 and a one year high of $2.53. The company has a market capitalization of $256.47 million, a price-to-earnings ratio of -7.21 and a beta of 2.61. The company has a debt-to-equity ratio of 46.45, a quick ratio of 0.78 and a current ratio of 0.92.

PLBY Group (NASDAQ:PLBY) last issued its earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $28.99 million during the quarter, compared to analyst estimates of $29.51 million. Sell-side analysts predict that PLBY Group will post -1.01 EPS for the current fiscal year.

PLBY Group Company Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.