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

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

PLBY Group Stock Down 5.0%

Shares of NASDAQ PLBY opened at $1.33 on Friday. PLBY Group, Inc. has a one year low of $1.19 and a one year high of $2.75. 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 business’s fifty day moving average price is $1.67 and its 200-day moving average price is $1.76. The stock has a market capitalization of $154.24 million, a PE ratio of -16.63 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS 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 analysts’ expectations of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, equities research analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortress Investment Group LLC boosted its position in PLBY Group by 183.6% during the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after purchasing an additional 10,740,578 shares during the period. Crcm LP lifted its holdings in shares of PLBY Group by 17.8% in the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after buying an additional 656,065 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PLBY Group by 1.0% in the third 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 in the last quarter. Bbfit Investments PTE Ltd. purchased a new stake in shares of PLBY Group in the fourth quarter worth about $2,297,000. Finally, Geode Capital Management LLC lifted its holdings in shares of PLBY Group by 15.1% in the fourth 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 in the last quarter. Institutional investors own 32.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently 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.