Christopher Riley Sells 74,949 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 74,949 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $1.23, for a total transaction of $92,187.27. Following the transaction, the general counsel owned 1,542,259 shares in the company, valued at $1,896,978.57. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Thursday, July 2nd, Christopher Riley sold 71,471 shares of PLBY Group stock. The stock was sold at an average price of $1.26, for a total transaction of $90,053.46.
• 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 Performance

Shares of PLBY opened at $1.14 on Thursday. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The stock has a 50-day moving average of $1.41 and a 200-day moving average of $1.66. The company has a market cap of $132.21 million, a PE ratio of -14.25 and a beta of 1.86. PLBY Group, Inc. has a one year low of $1.12 and a one year high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.71 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. On average, equities research analysts predict that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PLBY shares. Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLBY Group in a report on Thursday, June 18th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Hudson Bay Capital Management LP boosted its holdings in PLBY Group by 16.0% during the fourth quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock worth $77,000 after purchasing an additional 5,648 shares during the last quarter. Kestra Advisory Services LLC increased its stake in PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after buying an additional 6,965 shares during the last quarter. 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 worth $37,000 after buying an additional 8,390 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of PLBY Group by 66.7% in the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in shares of PLBY Group by 41.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock worth $52,000 after buying an additional 10,500 shares during the last quarter. 32.46% of the stock is owned by 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.