PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 82,677 Shares

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 82,677 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $1.43, for a total transaction of $118,228.11. Following the completion of the sale, the chief executive officer directly owned 5,894,632 shares of the company’s stock, valued at $8,429,323.76. This represents a 1.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Down 5.0%

PLBY Group stock traded down $0.07 during mid-day trading on Friday, hitting $1.33. The company’s stock had a trading volume of 1,482,324 shares, compared to its average volume of 1,035,866. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a market cap of $154.24 million, a price-to-earnings ratio of -16.63 and a beta of 1.91. The business has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.76. PLBY Group, Inc. has a 12 month low of $1.19 and a 12 month 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 the consensus estimate of $0.01 by ($0.04). The business had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.72 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 year.

Hedge Funds Weigh In On PLBY Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP increased its position in shares of PLBY Group by 57.8% during 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 during the period. Bogart Wealth LLC increased its position in shares of PLBY Group by 66.7% during 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 during the period. Boothbay Fund Management LLC purchased a new position in shares of PLBY Group during the second quarter valued at about $41,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of PLBY Group by 136.5% during 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 during the period. Finally, Kestra Advisory Services LLC increased its position in shares of PLBY Group by 30.4% during the first 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 period. 32.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.