PLBY Group, Inc. (NASDAQ:PLBY) traded down 3.3% on Friday . The stock traded as low as $41.55 and last traded at $41.55. 13,624 shares were traded during trading, a decline of 99% from the average session volume of 1,858,167 shares. The stock had previously closed at $42.97.
PLBY has been the subject of several recent research reports. Canaccord Genuity boosted their price target on PLBY Group from $28.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, May 13th. Craig Hallum raised their target price on shares of PLBY Group from $35.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, May 13th. Zacks Investment Research raised shares of PLBY Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 26th. Finally, Roth Capital increased their price objective on shares of PLBY Group from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, April 7th.
The company has a current ratio of 1.96, a quick ratio of 1.66 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $43.26.
In other news, major shareholder Fortress Investment Group Llc sold 153,318 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The stock was sold at an average price of $46.65, for a total value of $7,152,284.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 360,627 shares of company stock valued at $16,072,453 in the last quarter.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in PLBY Group in the 1st quarter valued at $384,000. Millennium Management LLC purchased a new stake in shares of PLBY Group during the first quarter valued at $2,663,000. Morgan Stanley bought a new position in shares of PLBY Group in the first quarter worth about $356,000. Polar Asset Management Partners Inc. purchased a new position in PLBY Group in the 1st quarter worth about $19,590,000. Finally, Ophir Asset Management Pty Ltd bought a new stake in PLBY Group during the 1st quarter valued at about $15,952,000. Institutional investors own 30.04% of the company’s stock.
PLBY Group Company Profile (NASDAQ:PLBY)
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 condoms, lubricants, libido enhancers, bedroom accessories and sex toys, intimates and lingerie, intimacy kits, CBD-based arousal offerings, 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.
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