Key Points
- PLBY Group Director Tracey Edmonds sold 16,558 shares at an average price of $1.21, totaling $20,035.18. The transaction reduced her direct ownership by 8.57% to 176,711 shares.
- PLBY shares opened at $1.20, near the company’s 52-week low of $1.08, with a $143.77 million market capitalization. The stock has significant leverage, including a debt-to-equity ratio of 6.83.
- Analyst sentiment remains cautious: PLBY has an average “Reduce” rating, based on one Hold and one Sell recommendation, despite some recent institutional buying and increased holdings.
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) Director Tracey Edmonds sold 16,558 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1.21, for a total value of $20,035.18. Following the completion of the transaction, the director directly owned 176,711 shares of the company's stock, valued at approximately $213,820.31. This trade represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
PLBY Group Stock Performance
Shares of PLBY Group stock opened at $1.20 on Friday. PLBY Group, Inc. has a 52-week low of $1.08 and a 52-week high of $2.75. The firm has a market capitalization of $143.77 million, a PE ratio of 24.00 and a beta of 1.89. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.79 and a quick ratio of 0.64. The company's fifty day moving average price is $1.23 and its two-hundred day moving average price is $1.51.
Wall Street Analyst Weigh In
Several research firms recently issued reports on PLBY. Weiss Ratings raised shares of PLBY Group from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Zacks Research raised PLBY Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce".
Get Our Latest Research Report on PLBY
Institutional Investors Weigh In On PLBY Group
Several institutional investors and hedge funds have recently made changes to their positions in PLBY. CTC Alternative Strategies Ltd. bought a new stake in shares of PLBY Group in the 1st quarter worth about $27,000. Bank of America Corp DE lifted its holdings in PLBY Group by 56.5% during the 1st quarter. Bank of America Corp DE now owns 85,154 shares of the company's stock valued at $129,000 after purchasing an additional 30,734 shares during the last quarter. Sei Investments Co. bought a new position in PLBY Group during the 1st quarter valued at about $577,000. Crcm LP boosted its position in PLBY Group by 17.8% in the first quarter. Crcm LP now owns 4,345,517 shares of the company's stock valued at $6,605,000 after buying an additional 656,065 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in PLBY Group in the first quarter valued at about $228,000. Institutional investors and hedge funds own 32.46% of the company's stock.
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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