Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells 25,162 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 25,162 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $1.21, for a total value of $30,446.02. Following the transaction, the director owned 254,364 shares in the company, valued at approximately $307,780.44. This trade represents a 9.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PLBY Group Trading Up 1.6%

PLBY traded up $0.02 during midday trading on Thursday, reaching $1.29. 479,889 shares of the company were exchanged, compared to its average volume of 1,068,151. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00. PLBY Group, Inc. has a one year low of $1.19 and a one year high of $2.75. The stock has a market capitalization of $149.60 million, a P/E ratio of -16.13 and a beta of 1.91. The stock’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.76.

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

Hedge Funds Weigh In On PLBY Group

Several institutional investors have recently modified their holdings of the business. Fortress Investment Group LLC lifted its holdings in shares of PLBY Group by 183.6% during the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after purchasing an additional 10,740,578 shares in the last quarter. Crcm LP lifted its holdings in shares of PLBY Group by 17.8% during the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after purchasing an additional 656,065 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PLBY Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock valued at $3,953,000 after purchasing an additional 26,060 shares in the last quarter. Bbfit Investments PTE Ltd. bought a new position in shares of PLBY Group during the 4th quarter valued at about $2,297,000. Finally, Geode Capital Management LLC raised its position in PLBY Group by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock valued at $1,398,000 after buying an additional 97,321 shares during the last quarter. Institutional investors own 32.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, PLBY Group currently has an average 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.