PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 30,816 Shares

PLBY Group, Inc. (NASDAQ:PLBYGet Free Report) Director Tracey Edmonds sold 30,816 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $1.24, for a total transaction of $38,211.84. Following the completion of the sale, the director directly owned 223,548 shares of the company’s stock, valued at approximately $277,199.52. This trade represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PLBY Group Stock Performance

Shares of PLBY stock opened at $1.29 on Friday. The stock’s 50-day moving average is $1.63 and its two-hundred day moving average is $1.76. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00. PLBY Group, Inc. has a 1 year low of $1.19 and a 1 year high of $2.75. The firm has a market cap of $149.60 million, a price-to-earnings ratio of -16.13 and a beta of 1.91.

PLBY Group (NASDAQ:PLBYGet Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. acquired a new stake in shares of PLBY Group during the first quarter worth about $27,000. Bank of America Corp DE raised its stake in PLBY Group by 56.5% during the 1st quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock valued at $129,000 after acquiring an additional 30,734 shares during the last quarter. Sei Investments Co. purchased a new stake in PLBY Group during the 1st quarter valued at approximately $577,000. Crcm LP lifted its position in PLBY Group by 17.8% during the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after acquiring an additional 656,065 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in PLBY Group during the 1st quarter worth approximately $228,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company 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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