PLBY Group (NASDAQ:PLBY) CEO Sells $124,649.88 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 109,342 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $1.14, for a total value of $124,649.88. Following the sale, the chief executive officer owned 5,594,560 shares of the company’s stock, valued at approximately $6,377,798.40. The trade was a 1.92% decrease in their position. The sale was disclosed in a document filed 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 remained flat at $1.16 during midday trading on Friday. The company’s stock had a trading volume of 636,360 shares, compared to its average volume of 1,008,768. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00. The firm has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.65. The stock has a market capitalization of $134.53 million, a PE ratio of -14.50 and a beta of 1.86. PLBY Group, Inc. has a 12-month low of $1.12 and a 12-month high of $2.75.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.71 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. Sell-side analysts expect that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLBY. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

A number of hedge funds have recently modified their holdings of PLBY. CTC Alternative Strategies Ltd. acquired a new stake in PLBY Group in the 1st quarter valued at $27,000. Engineers Gate Manager LP grew its holdings in shares of PLBY Group by 57.8% in the 2nd 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 lifted its holdings in 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 last quarter. Boothbay Fund Management LLC acquired a new position in PLBY Group in the second quarter valued at about $41,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings 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 worth $39,000 after buying an additional 14,641 shares in the last quarter. 32.46% of the stock is owned by institutional investors and hedge funds.

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.