PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 25,162 Shares

PLBY Group, Inc. (NASDAQ:PLBYGet Free Report) Director Tracey Edmonds sold 25,162 shares of PLBY Group stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $1.21, for a total transaction of $30,446.02. Following the transaction, the director owned 254,364 shares of the company’s stock, valued at approximately $307,780.44. The trade was a 9.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

PLBY Group Stock Up 1.6%

Shares of NASDAQ PLBY opened at $1.29 on Friday. The firm’s 50-day moving average is $1.63 and its two-hundred day moving average is $1.76. The company has a market capitalization of $149.60 million, a PE ratio of -16.13 and a beta of 1.91. PLBY Group, Inc. has a 12-month low of $1.19 and a 12-month 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 0.80.

PLBY Group (NASDAQ:PLBYGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%.The business had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $30.72 million. Equities analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortress Investment Group LLC raised its position in shares of PLBY Group by 183.6% in the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after buying an additional 10,740,578 shares during the last quarter. Crcm LP boosted its position in PLBY Group by 154.2% during the fourth quarter. Crcm LP now owns 3,689,452 shares of the company’s stock worth $6,936,000 after acquiring an additional 2,238,296 shares during the last quarter. Bbfit Investments PTE Ltd. purchased a new stake in PLBY Group in the 4th quarter worth approximately $2,297,000. Marshall Wace LLP purchased a new stake in PLBY Group in the 4th quarter worth approximately $1,169,000. Finally, Sei Investments Co. acquired a new position in PLBY Group in the 1st quarter valued at $577,000. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Stock Analysis 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.

Further Reading

Insider Buying and Selling by Quarter for PLBY Group (NASDAQ:PLBY)

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