PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 108,959 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 108,959 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $1.19, for a total value of $129,661.21. Following the transaction, the chief executive officer owned 5,703,902 shares in the company, valued at $6,787,643.38. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Performance

Shares of PLBY stock opened at $1.16 on Friday. The company has a market cap of $134.53 million, a price-to-earnings ratio of -14.50 and a beta of 1.86. PLBY Group, Inc. has a 52 week low of $1.12 and a 52 week high of $2.75. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. The firm has a 50 day moving average of $1.39 and a 200-day moving average of $1.66.

PLBY Group (NASDAQ:PLBY) last released its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.71 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. On average, equities analysts forecast that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On PLBY Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. bought a new position in PLBY Group in the 1st quarter valued at about $27,000. Jones Financial Companies Lllp increased its holdings in PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after purchasing an additional 32,263 shares in the last quarter. Engineers Gate Manager LP increased its holdings in PLBY Group by 57.8% during the 2nd 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 in 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. 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 owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently 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.