Insider Selling: PLBY Group (NASDAQ:PLBY) CEO Sells 81,771 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 81,771 shares of PLBY Group stock in a transaction on Friday, May 15th. The stock was sold at an average price of $1.35, for a total transaction of $110,390.85. Following the completion of the transaction, the chief executive officer directly owned 5,812,861 shares of the company’s stock, valued at $7,847,362.35. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of NASDAQ:PLBY traded down $0.07 on Friday, reaching $1.33. The company’s stock had a trading volume of 1,482,324 shares, compared to its average volume of 1,035,866. PLBY Group, Inc. has a 52-week low of $1.19 and a 52-week high of $2.75. The company has a market cap of $154.24 million, a P/E ratio of -16.63 and a beta of 1.91. The company has a 50-day simple moving average of $1.67 and a 200 day simple moving average of $1.76. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.82 and a current ratio of 1.00.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings data 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 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 analysts’ expectations of $30.72 million. As a group, equities research analysts anticipate that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On PLBY Group

A number of large investors have recently made changes to their positions in the company. Sei Investments Co. purchased a new position in shares of PLBY Group during the 1st quarter worth about $577,000. Crcm LP boosted its stake in shares of PLBY Group by 17.8% during the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after purchasing an additional 656,065 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of PLBY Group during the 1st quarter worth about $228,000. Kestra Advisory Services LLC lifted its holdings in PLBY Group by 30.4% during the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after buying an additional 6,965 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. 32.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, 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.