PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) Director Holding S.A R.L. Docler bought 4,761,905 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were purchased at an average price of $1.05 per share, for a total transaction of $5,000,000.25. Following the purchase, the director owned 19,707,207 shares in the company, valued at $20,692,567.35. This trade represents a 31.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
PLBY Group Price Performance
NASDAQ:PLBY traded up $0.09 during trading hours on Tuesday, hitting $1.32. 1,348,929 shares of the stock traded hands, compared to its average volume of 896,111. The company has a quick ratio of 0.64, a current ratio of 0.79 and a debt-to-equity ratio of 6.83. PLBY Group, Inc. has a 1 year low of $0.95 and a 1 year high of $2.75. The company has a market cap of $158.75 million, a price-to-earnings ratio of 23.40 and a beta of 1.96. The stock has a 50 day moving average price of $1.11 and a 200 day moving average price of $1.44.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on PLBY shares. Zacks Research raised PLBY Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.
Check Out Our Latest Analysis on PLBY
Institutional Trading of PLBY Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crcm LP lifted its position in PLBY Group by 17.8% in the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after buying an additional 656,065 shares during the last quarter. Sei Investments Co. bought a new position in PLBY Group during the first quarter valued at $577,000. Hillsdale Investment Management Inc. bought a new position in PLBY Group during the first quarter valued at $228,000. Bank of America Corp DE raised its stake in shares of PLBY Group by 56.5% in the first 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 period. Finally, Kestra Advisory Services LLC raised its stake in shares of PLBY Group by 30.4% in the first quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after acquiring an additional 6,965 shares during the period. Hedge funds and other institutional investors own 32.46% of the company’s stock.
About PLBY Group
PLBY Group, Inc was a global media and lifestyle company associated with the Playboy brand. Its business focused on developing, licensing and marketing Playboy-branded products and experiences across categories including apparel, accessories, consumer products, digital media and sexual wellness.
The company’s operations were built around the Playboy intellectual property, which includes the Playboy name, rabbit-head logo, editorial archive and related creative assets. PLBY Group generated business through brand licensing, direct-to-consumer commerce, digital content and partnerships with manufacturers, retailers and other commercial operators.
Playboy was founded by Hugh Hefner in 1953 as a men’s lifestyle magazine and later expanded into television, publishing, hospitality, merchandise and licensing.
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