Key Points
- PLBY Group Director Tracey Edmonds sold 25,900 shares at an average price of $1.16, generating $30,044 and reducing her holdings by 15.4% to 142,253 shares.
- PLBY shares opened at $1.15, near their 12-month low of $1.08, with a market capitalization of approximately $137.8 million. The company also has elevated leverage, reflected in a debt-to-equity ratio of 6.83.
- Analyst sentiment remains cautious: one analyst rates the stock Hold and another Sell, producing a consensus rating of “Reduce.” Institutional investors and hedge funds own 32.46% of the company.
PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) Director Tracey Edmonds sold 25,900 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $1.16, for a total transaction of $30,044.00. Following the completion of the transaction, the director owned 142,253 shares of the company's stock, valued at $165,013.48. This represents a 15.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
PLBY Group Trading Down 2.5%
Shares of NASDAQ:PLBY opened at $1.15 on Thursday. The company has a 50 day moving average of $1.20 and a 200-day moving average of $1.45. The firm has a market cap of $137.78 million, a P/E ratio of 23.60 and a beta of 1.91. PLBY Group, Inc. has a twelve month low of $1.08 and a twelve month high of $2.75. The company has a current ratio of 0.79, a quick ratio of 0.64 and a debt-to-equity ratio of 6.83.
Hedge Funds Weigh In On PLBY Group
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CTC Alternative Strategies Ltd. purchased a new position in PLBY Group in the 1st quarter worth about $27,000. Jones Financial Companies Lllp boosted its holdings in shares of PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock worth $36,000 after buying an additional 32,263 shares during the period. Engineers Gate Manager LP increased its position 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 acquiring an additional 8,390 shares in the last quarter. Bogart Wealth LLC increased its position 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 acquiring an additional 10,000 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of PLBY Group by 136.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company's stock valued at $39,000 after acquiring an additional 14,641 shares during the period. Institutional investors and hedge funds own 32.46% of the company's stock.
Wall Street Analysts Forecast Growth
PLBY has been the topic of a number of research reports. Zacks Research raised PLBY Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Weiss Ratings raised PLBY Group from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce".
Check Out Our Latest Research Report on PLBY
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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