Bernhard Kohn III Sells 75,484 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 75,484 shares of PLBY Group stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.74, for a total transaction of $131,342.16. Following the sale, the chief executive officer owned 6,169,561 shares in the company, valued at approximately $10,735,036.14. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of PLBY Group stock opened at $1.40 on Friday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.82 and a current ratio of 1.00. The firm’s 50-day simple moving average is $1.68 and its 200-day simple moving average is $1.76. PLBY Group, Inc. has a twelve month low of $1.16 and a twelve month high of $2.75. The firm has a market cap of $162.35 million, a P/E ratio of -17.50 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last issued its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. The business had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. As a group, research analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, PLBY Group has a consensus rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLBY. Jones Financial Companies Lllp boosted its position in 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 in the last quarter. Engineers Gate Manager LP boosted its position in PLBY Group by 57.8% in the second 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 in the last quarter. Bogart Wealth LLC boosted its position in PLBY Group by 66.7% in the first 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 in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in PLBY Group by 136.5% in the first 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 in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in PLBY Group in the second quarter valued at about $41,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

PLBY Group Company Profile

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.