PLBY Group (NASDAQ:PLBY) General Counsel Christopher Riley Sells 71,471 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 71,471 shares of the stock in a transaction that occurred on 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 directly owned 1,617,208 shares of the company’s stock, valued at approximately $2,037,682.08. This trade represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 shares were 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 value of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The stock was sold at an average price of $1.75, for a total value of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The shares were sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Price Performance

Shares of NASDAQ:PLBY opened at $1.18 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59. The stock has a market cap of $136.84 million, a PE ratio of -14.75 and a beta of 1.86. The stock’s fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.67. PLBY Group, Inc. has a 1-year low of $1.18 and a 1-year high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) 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 the consensus estimate of $30.71 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. As a group, analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on PLBY. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. Zacks Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. bought a new position in PLBY Group during the first quarter valued at $27,000. Jones Financial Companies Lllp raised its stake in shares of PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after buying an additional 32,263 shares during the period. Engineers Gate Manager LP lifted its position in shares of PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after buying an additional 8,390 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of PLBY Group by 136.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after buying an additional 14,641 shares during the last quarter. 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.