Bernhard Kohn III Sells 109,342 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 109,342 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $1.14, for a total transaction of $124,649.88. Following the completion of the transaction, the chief executive officer owned 5,594,560 shares in the company, valued at $6,377,798.40. The trade was a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Up 1.8%

PLBY stock traded up $0.02 during midday trading on Thursday, reaching $1.16. 798,702 shares of the company’s stock traded hands, compared to its average volume of 990,583. The company has a market capitalization of $134.53 million, a P/E ratio of -14.50 and a beta of 1.86. 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 fifty-two week low of $1.12 and a fifty-two week high of $2.75. The business has a 50-day moving average price of $1.39 and a two-hundred day moving average price of $1.66.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.71 million. Equities research analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLBY. CTC Alternative Strategies Ltd. acquired a new stake in shares of PLBY Group during the first quarter worth approximately $27,000. Engineers Gate Manager LP raised its holdings in PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after acquiring an additional 8,390 shares in the last quarter. Bogart Wealth LLC raised its holdings in PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after acquiring an additional 10,000 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in PLBY Group in the second quarter valued at $41,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in PLBY Group by 136.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after acquiring an additional 14,641 shares during the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PLBY. Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About PLBY Group

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.