PLBY Group (NASDAQ:PLBY) Trading 0.6% Higher – Time to Buy?

PLBY Group, Inc. (NASDAQ:PLBY)’s share price rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $1.88 and last traded at $1.82. Approximately 1,316,746 shares were traded during mid-day trading, an increase of 75% from the average daily volume of 754,527 shares. The stock had previously closed at $1.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, PLBY Group currently has an average rating of “Sell”.

PLBY Group Stock Performance

The firm has a market capitalization of $212.49 million, a price-to-earnings ratio of -12.33 and a beta of 2.51. The company has a fifty day moving average of $1.77 and a two-hundred day moving average of $1.73. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.82 and a current ratio of 1.03.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $34.91 million during the quarter, compared to analyst estimates of $33.52 million. As a group, equities research analysts predict that PLBY Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortress Investment Group LLC lifted its stake in shares of PLBY Group by 183.6% in 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 during the period. Crcm LP lifted its stake in shares of PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after purchasing an additional 2,238,296 shares during the period. Vanguard Group Inc. raised its stake in PLBY Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company’s stock worth $3,953,000 after buying an additional 26,060 shares during the period. Bbfit Investments PTE Ltd. acquired a new position in PLBY Group during the 4th quarter worth approximately $2,297,000. Finally, Geode Capital Management LLC raised its stake in PLBY Group by 15.1% during the 4th quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock worth $1,398,000 after buying an additional 97,321 shares during the period. 32.46% of the stock is 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.