Insider Selling: PLBY Group (NASDAQ:PLBY) Director Sells 18,198 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 18,198 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $1.33, for a total value of $24,203.34. Following the completion of the sale, the director owned 201,462 shares of the company’s stock, valued at approximately $267,944.46. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

PLBY Group Stock Up 3.9%

PLBY Group stock traded up $0.05 during midday trading on Wednesday, reaching $1.33. The company’s stock had a trading volume of 686,054 shares, compared to its average volume of 1,116,329. The stock’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.76. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. PLBY Group, Inc. has a 52-week low of $1.19 and a 52-week high of $2.75. The stock has a market capitalization of $154.24 million, a P/E ratio of -16.63 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last released 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). 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 during the quarter, compared to analysts’ expectations of $30.72 million. On average, sell-side analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CTC Alternative Strategies Ltd. purchased a new position in shares of PLBY Group in the first quarter worth about $27,000. Engineers Gate Manager LP raised its stake in shares of PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of PLBY Group in the second quarter worth about $41,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of 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 worth $39,000 after purchasing an additional 14,641 shares during the last quarter. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

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.