Key Points
- Director Tracey Edmonds sold 75,000 shares of PLBY on Nov. 21 at an average price of $1.65 for $123,750, reducing her holding to 215,010 shares (a 25.86% drop in her stake).
- PLBY shares trade around $1.84 with a market cap of about $198M; the company recently beat EPS estimates ($0.02 vs. -$0.02) while revenue of $28.99M slightly missed expectations.
- Analyst coverage is mixed—MarketBeat lists an average rating of "Moderate Buy" with a $3 target—while institutional investors own roughly 32.5% of the stock and some funds have recently adjusted positions.
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) Director Tracey Edmonds sold 75,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $1.65, for a total value of $123,750.00. Following the transaction, the director owned 215,010 shares of the company's stock, valued at $354,766.50. This represents a 25.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
PLBY Group Stock Up 1.1%
PLBY opened at $1.84 on Wednesday. The firm has a market cap of $198.28 million, a price-to-earnings ratio of -5.58 and a beta of 2.46. The company has a debt-to-equity ratio of 46.45, a quick ratio of 0.78 and a current ratio of 0.92. The firm's 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.58. PLBY Group, Inc. has a twelve month low of $0.90 and a twelve month high of $2.44.
PLBY Group (NASDAQ:PLBY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $28.99 million for the quarter, compared to the consensus estimate of $29.51 million. Equities research analysts anticipate that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on PLBY. Weiss Ratings restated a "sell (e+)" rating on shares of PLBY Group in a report on Monday. Wall Street Zen raised shares of PLBY Group from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, PLBY Group currently has an average rating of "Moderate Buy" and an average target price of $3.00.
Read Our Latest Report on PLBY
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp acquired a new stake in shares of PLBY Group during the first quarter worth $247,000. XTX Topco Ltd boosted its holdings in PLBY Group by 202.3% during the first quarter. XTX Topco Ltd now owns 42,518 shares of the company's stock worth $47,000 after buying an additional 28,453 shares during the last quarter. Virtu Financial LLC grew its position in shares of PLBY Group by 27.4% during the 1st quarter. Virtu Financial LLC now owns 62,705 shares of the company's stock worth $69,000 after buying an additional 13,482 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of PLBY Group by 42.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 30,760 shares of the company's stock valued at $50,000 after acquiring an additional 9,160 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of PLBY Group by 7,468.3% in the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock valued at $36,000 after acquiring an additional 32,263 shares during the period. Institutional investors and hedge funds own 32.46% of the company's stock.
About PLBY Group
(
Get Free Report)
PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
