Key Points
- PLBY Group CEO Bernhard Kohn III sold 81,771 shares on May 15 at an average price of $1.35, totaling about $110,391. The sale reduced his direct ownership by 1.39% and was made to cover tax withholding tied to vested equity awards.
- PLBY stock fell 5.0% and was trading around $1.33, near its 52-week low of $1.19. The company’s shares also remain well below their 50-day and 200-day moving averages.
- The company’s latest earnings missed analyst expectations, reporting EPS of -$0.03 versus a սպասated $0.01, while revenue came in slightly below estimates. Separately, Zacks Research downgraded PLBY to “strong sell”, and the stock carries a consensus sell rating.
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) CEO Bernhard Kohn III sold 81,771 shares of the business's 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 transaction, the chief executive officer directly owned 5,812,861 shares in the company, valued at approximately $7,847,362.35. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
PLBY Group Trading Down 5.0%
NASDAQ PLBY opened at $1.33 on Friday. The company's fifty day simple moving average is $1.67 and its 200-day simple moving average is $1.76. PLBY Group, Inc. has a 52 week low of $1.19 and a 52 week 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 stock has a market cap of $154.24 million, a P/E ratio of -16.63 and a beta of 1.91.
PLBY Group (NASDAQ:PLBY - Get Free Report) last posted its earnings results 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 firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. Equities research analysts predict that PLBY Group, Inc. will post 0.02 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Zacks Research cut shares of PLBY Group from a "hold" rating to a "strong sell" rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, PLBY Group has a consensus rating of "Sell".
Read Our Latest Report on PLBY
Institutional Trading of PLBY Group
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fortress Investment Group LLC raised its holdings in shares of PLBY Group by 183.6% during the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company's stock worth $24,387,000 after purchasing an additional 10,740,578 shares during the period. Crcm LP raised its holdings in shares of PLBY Group by 17.8% during the first 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. Vanguard Group Inc. raised its holdings in shares of PLBY Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 2,688,907 shares of the company's stock worth $3,953,000 after purchasing an additional 26,060 shares during the period. Bbfit Investments PTE Ltd. acquired a new stake in shares of PLBY Group during the fourth quarter worth $2,297,000. Finally, Geode Capital Management LLC raised its holdings in shares of PLBY Group by 15.1% during the fourth quarter. Geode Capital Management LLC now owns 743,478 shares of the company's stock worth $1,398,000 after purchasing an additional 97,321 shares during the period. 32.46% of the stock is owned by institutional investors and hedge funds.
About PLBY Group
(
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.
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