PLBY Group (NASDAQ:PLBY) CEO Sells $110,390.85 in Stock

PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) CEO Bernhard Kohn III sold 81,771 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $1.35, for a total transaction of $110,390.85. Following the sale, the chief executive officer owned 5,812,861 shares in the company, valued at $7,847,362.35. The trade was a 1.39% 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 hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of PLBY stock traded down $0.07 on Friday, hitting $1.33. 1,482,324 shares of the stock traded hands, compared to its average volume of 1,035,866. The firm has a market cap of $154.24 million, a price-to-earnings ratio of -16.63 and a beta of 1.91. PLBY Group, Inc. has a 52 week low of $1.19 and a 52 week high of $2.75. The firm has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $1.76. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.82.

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PLBY Group (NASDAQ:PLBY – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $30.24 million for the quarter, compared to the consensus estimate of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. As a group, equities research analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PLBY Group

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after acquiring an additional 32,263 shares in the last quarter. Engineers Gate Manager LP grew its stake 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 buying an additional 8,390 shares in the last quarter. Bogart Wealth LLC grew its stake in shares of 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 buying an additional 10,000 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of PLBY Group by 136.5% in the 1st 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. Finally, Boothbay Fund Management LLC purchased a new position in shares of PLBY Group in the 2nd quarter worth $41,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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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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