Key Points
- Director Tracey Edmonds sold 25,162 PLBY Group shares for about $30,446 at an average price of $1.21, reducing her stake by 9%.
- PLBY Group shares were up 1.6% to $1.29, but the stock remains near its 52-week low of $1.19 and well below its $2.75 high.
- The company recently missed quarterly earnings estimates, and analyst sentiment remains weak after Zacks downgraded the stock to strong sell; the consensus rating is Sell.
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) Director Tracey Edmonds sold 25,162 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $1.21, for a total value of $30,446.02. Following the transaction, the director owned 254,364 shares in the company, valued at $307,780.44. This trade represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
PLBY Group Stock Up 1.6%
Shares of NASDAQ:PLBY opened at $1.29 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59. The firm has a market cap of $149.60 million, a price-to-earnings ratio of -16.13 and a beta of 1.91. The stock's 50-day moving average price is $1.63 and its two-hundred day moving average price is $1.76. PLBY Group, Inc. has a 12-month low of $1.19 and a 12-month high of $2.75.
PLBY Group (NASDAQ:PLBY - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 6.21% and a positive return on equity of 21.89%. The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. On average, research analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current year.
Institutional Investors Weigh In On PLBY Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. purchased a new position in shares of PLBY Group in the 1st quarter worth about $27,000. Engineers Gate Manager LP grew its holdings in shares of 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 during the period. Bogart Wealth LLC grew its holdings in shares of PLBY Group by 66.7% during the 1st 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 period. Boothbay Fund Management LLC acquired a new stake in PLBY Group during the 2nd quarter worth approximately $41,000. Finally, Patriot Financial Group Insurance Agency LLC increased its position in PLBY Group by 136.5% during the 1st 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 in the last quarter. 32.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Zacks Research downgraded shares of PLBY Group from a "hold" rating to a "strong sell" rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".
View Our Latest Stock Report on PLBY Group
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.
Further Reading
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