PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) General Counsel Christopher Riley sold 71,471 shares of PLBY Group stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $1.26, for a total value of $90,053.46. Following the completion of the sale, the general counsel owned 1,617,208 shares of the company’s stock, valued at $2,037,682.08. The trade was a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Christopher Riley also recently made the following trade(s):
- On Monday, July 6th, Christopher Riley sold 74,949 shares of PLBY Group stock. The stock was sold at an average price of $1.23, for a total value of $92,187.27.
- On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The shares were sold at an average price of $1.78, for a total transaction of $161,794.88.
- On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The shares were sold at an average price of $1.75, for a total transaction of $158,679.50.
- On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The stock was sold at an average price of $1.82, for a total transaction of $16,227.12.
PLBY Group Stock Down 3.4%
PLBY opened at $1.14 on Thursday. The stock has a market capitalization of $132.21 million, a price-to-earnings ratio of -14.25 and a beta of 1.86. The firm has a 50 day moving average price of $1.41 and a 200-day moving average price of $1.66. PLBY Group, Inc. has a twelve month low of $1.12 and a twelve month high of $2.75. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on PLBY
Institutional Investors Weigh In On PLBY Group
Several hedge funds and other institutional investors have recently modified their holdings of PLBY. CTC Alternative Strategies Ltd. purchased a new stake in shares of PLBY Group in the 1st quarter worth $27,000. Bank of America Corp DE lifted its position in PLBY Group by 56.5% during the first quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock valued at $129,000 after purchasing an additional 30,734 shares in the last quarter. Sei Investments Co. bought a new stake in PLBY Group during the first quarter valued at about $577,000. Crcm LP grew its holdings in PLBY Group by 17.8% during the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after purchasing an additional 656,065 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in PLBY Group in the first quarter worth about $228,000. 32.46% of the stock is currently owned by hedge funds and other institutional investors.
About PLBY Group
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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