PLBY Group (NASDAQ:PLBY) Trading Down 3.3%

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.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings results on Wednesday, May 12th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $42.68 million for the quarter, compared to the consensus estimate of $38.50 million. Analysts predict that PLBY Group, Inc. will post 0.09 EPS for the current year.

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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