Key Points
- PLBY Group CEO Bernhard Kohn III sold 75,484 shares at an average price of $1.74, totaling about $131,342. The filing says the sale was made to cover tax withholding obligations tied to vesting equity awards.
- The company recently reported mixed quarterly results, missing earnings and revenue expectations with EPS of -$0.03 versus a $0.01 estimate and revenue of $30.24 million versus $30.72 million expected.
- Analysts remain cautious on PLBY Group, with Zacks Research cutting the stock from hold to strong sell and MarketBeat noting an overall average rating of Sell.
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) CEO Bernhard Kohn III sold 75,484 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $1.74, for a total transaction of $131,342.16. Following the completion of the transaction, the chief executive officer owned 6,169,561 shares of the company's stock, valued at $10,735,036.14. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
PLBY Group Stock Performance
NASDAQ:PLBY opened at $1.40 on Thursday. PLBY Group, Inc. has a twelve month low of $1.16 and a twelve month high of $2.75. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 4.59. The company has a 50-day moving average of $1.69 and a 200-day moving average of $1.76. The firm has a market cap of $162.36 million, a price-to-earnings ratio of -17.50 and a beta of 1.91.
PLBY Group (NASDAQ:PLBY - Get Free Report) last posted 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 business had revenue of $30.24 million for the quarter, compared to the consensus estimate of $30.72 million. Analysts forecast that PLBY Group, Inc. will post 0.09 earnings per share for the current fiscal year.
Hedge Funds Weigh In On PLBY Group
Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its position in shares of PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock valued at $36,000 after purchasing an additional 32,263 shares in the last quarter. 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 buying 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 buying an additional 10,000 shares during the period. 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 buying an additional 14,641 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in shares of PLBY Group in the second quarter worth about $41,000. Institutional investors own 32.46% of the company's stock.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of PLBY Group from a "hold" rating to a "strong sell" rating in a research report on Monday. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, PLBY Group has an average rating of "Sell".
Check Out Our Latest Analysis on PLBY
PLBY Group Company Profile
(
Get Free Report)
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.
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].
