PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) Director Tracey Edmonds sold 16,558 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1.21, for a total transaction of $20,035.18. Following the completion of the sale, the director directly owned 176,711 shares of the company’s stock, valued at $213,820.31. The trade was a 8.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
PLBY Group Stock Performance
Shares of PLBY Group stock opened at $1.20 on Friday. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79. PLBY Group, Inc. has a 1 year low of $1.08 and a 1 year high of $2.75. The firm’s 50-day simple moving average is $1.23 and its 200-day simple moving average is $1.51. The firm has a market cap of $143.77 million, a PE ratio of 24.00 and a beta of 1.89.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Zacks Research upgraded PLBY Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PLBY Group presently has a consensus rating of “Reduce”.
Hedge Funds Weigh In On PLBY Group
A number of hedge funds and other institutional investors have recently bought and sold shares of PLBY. CTC Alternative Strategies Ltd. acquired a new stake in shares of PLBY Group during the 1st quarter worth approximately $27,000. Bank of America Corp DE increased its position in PLBY Group by 56.5% in the first quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock worth $129,000 after buying an additional 30,734 shares during the period. Sei Investments Co. bought a new stake in PLBY Group in the first quarter valued at $577,000. Crcm LP boosted its holdings in shares of 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 acquiring an additional 656,065 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of PLBY Group during the first quarter worth about $228,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than PLBY Group
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for PLBY Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLBY Group and related companies with MarketBeat.com's FREE daily email newsletter.
