PLBY Group (NASDAQ:PLBY) CEO Sells $129,661.21 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 108,959 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $1.19, for a total value of $129,661.21. Following the transaction, the chief executive officer owned 5,703,902 shares in the company, valued at approximately $6,787,643.38. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of NASDAQ PLBY remained flat at $1.16 during midday trading on Friday. The 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 current ratio of 1.00 and a quick ratio of 0.80. The firm has a market cap of $134.53 million, a PE ratio of -14.50 and a beta of 1.86. The firm has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.65. PLBY Group, Inc. has a 12-month low of $1.12 and a 12-month high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $30.24 million for 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%. On average, equities analysts predict that PLBY Group, Inc. will post 0.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLBY. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. Zacks Research cut shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, PLBY Group currently has an average rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

Large investors have recently added to or reduced their stakes in the business. CTC Alternative Strategies Ltd. bought a new stake in PLBY Group in the first quarter worth $27,000. Bank of America Corp DE grew its stake in shares of PLBY Group by 56.5% during the first quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock valued at $129,000 after buying an additional 30,734 shares during the last quarter. Sei Investments Co. purchased a new position in shares of PLBY Group in the first quarter worth about $577,000. Crcm LP lifted its stake in shares of PLBY Group by 17.8% in the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after acquiring an additional 656,065 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of PLBY Group in the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 32.46% of the company’s stock.

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.