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

PLBY Group, Inc. (NASDAQ:PLBYGet Free Report) was the recipient of some unusual options trading activity on Thursday. Investors bought 3,000 call options on the company. This represents an increase of approximately 265% compared to the typical volume of 822 call options.

Insider Transactions at PLBY Group

In related news, CEO Bernhard L. Kohn III sold 97,658 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $1.39, for a total value of $135,744.62. Following the completion of the sale, the chief executive officer owned 5,977,309 shares in the company, valued at $8,308,459.51. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Christopher Riley sold 90,896 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1.78, for a total transaction of $161,794.88. Following the completion of the sale, the general counsel owned 1,688,679 shares of the company’s stock, valued at approximately $3,005,848.62. The trade was a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 476,724 shares of company stock valued at $779,538. 38.30% of the stock is owned by insiders.

Institutional Investors Weigh In On PLBY Group

A number of large investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP grew its holdings in PLBY Group by 16.0% during the 4th quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock valued at $77,000 after buying an additional 5,648 shares during the last quarter. Kestra Advisory Services LLC grew its stake in PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock worth $45,000 after acquiring an additional 6,965 shares during the period. Engineers Gate Manager LP grew its stake in 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 acquiring an additional 8,390 shares during the period. Bogart Wealth LLC grew its stake in PLBY Group by 66.7% in the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after acquiring an additional 10,000 shares during the period. Finally, Boothbay Fund Management LLC grew its stake in PLBY Group by 41.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock worth $52,000 after acquiring an additional 10,500 shares during the period. Institutional investors and hedge funds own 32.46% of the company’s stock.

PLBY Group Price Performance

Shares of PLBY stock traded up $0.03 during midday trading on Thursday, reaching $1.43. 504,485 shares of the company traded hands, compared to its average volume of 1,061,466. The firm’s 50 day simple moving average is $1.69 and its two-hundred day simple moving average is $1.76. PLBY Group has a 1-year low of $1.16 and a 1-year high of $2.75. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.82. The firm has a market cap of $165.26 million, a PE ratio of -17.81 and a beta of 1.91.

PLBY Group (NASDAQ:PLBYGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. On average, equities research analysts expect that PLBY Group will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

View Our Latest Research Report on PLBY

About PLBY Group

(Get Free Report)

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.

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