Tracey Edmonds Sells 25,162 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 25,162 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $1.21, for a total value of $30,446.02. Following the transaction, the director directly owned 254,364 shares of the company’s stock, valued at approximately $307,780.44. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

PLBY Group Price Performance

Shares of NASDAQ PLBY opened at $1.32 on Friday. The stock has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.76. PLBY Group, Inc. has a 1-year low of $1.19 and a 1-year high of $2.75. The firm has a market cap of $153.08 million, a price-to-earnings ratio of -16.50 and a beta of 1.91. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $30.24 million for the quarter, compared to the consensus estimate of $30.72 million. Analysts anticipate that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On PLBY Group

Large investors have recently made changes to their positions in the stock. CTC Alternative Strategies Ltd. bought a new position in shares of PLBY Group in the first quarter worth $27,000. Jones Financial Companies Lllp boosted its holdings in shares of PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after acquiring an additional 32,263 shares during the period. Engineers Gate Manager LP boosted its holdings 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 acquiring an additional 8,390 shares during the period. Bogart Wealth LLC boosted its holdings 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 acquiring an additional 10,000 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings 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 acquiring an additional 14,641 shares during the period. 32.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus 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.