PLBY Group (NASDAQ:PLBY) General Counsel Sells $92,187.27 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 74,949 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $1.23, for a total transaction of $92,187.27. Following the sale, the general counsel owned 1,542,259 shares of the company’s stock, valued at approximately $1,896,978.57. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Thursday, July 2nd, Christopher Riley sold 71,471 shares of PLBY Group stock. The stock was sold at an average price of $1.26, for a total transaction of $90,053.46.
• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The shares were sold at an average price of $1.78, for a total transaction of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The shares were sold at an average price of $1.75, for a total transaction of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The shares were sold at an average price of $1.82, for a total transaction of $16,227.12.

PLBY Group Price Performance

Shares of NASDAQ PLBY opened at $1.16 on Friday. PLBY Group, Inc. has a twelve month low of $1.12 and a twelve month high of $2.75. The firm has a market cap of $134.53 million, a P/E ratio of -14.50 and a beta of 1.86. The company has a 50 day moving average of $1.39 and a 200 day moving average of $1.66. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59.

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). The business had revenue of $30.24 million during the quarter, compared to the consensus estimate of $30.71 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. As a group, research analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

Several hedge funds and other institutional investors have recently made changes to their positions in PLBY. Fortress Investment Group LLC boosted its holdings in shares of PLBY Group by 183.6% in the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock worth $24,387,000 after buying an additional 10,740,578 shares during the last quarter. Crcm LP increased its holdings in PLBY Group by 17.8% during the first quarter. Crcm LP now owns 4,345,517 shares of the company’s stock valued at $6,605,000 after buying an additional 656,065 shares during the last quarter. Vanguard Group Inc. raised its position in 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 acquiring an additional 26,060 shares during the period. Bbfit Investments PTE Ltd. purchased a new position in shares of PLBY Group during the 4th quarter worth $2,297,000. Finally, Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 97,321 shares during the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLBY. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Zacks Research downgraded shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, PLBY Group 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.