Insider Selling: PLBY Group (NASDAQ:PLBY) CEO Sells $118,228.11 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 82,677 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $1.43, for a total transaction of $118,228.11. Following the transaction, the chief executive officer directly owned 5,894,632 shares of the company’s stock, valued at $8,429,323.76. The trade was a 1.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

PLBY stock opened at $1.33 on Monday. The company has a fifty day moving average price of $1.67 and a 200-day moving average price of $1.76. The company has a market capitalization of $154.24 million, a P/E ratio of -16.63 and a beta of 1.91. PLBY Group, Inc. has a 52-week low of $1.19 and a 52-week high of $2.75. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.80 and a current ratio of 1.00.

PLBY Group (NASDAQ:PLBY) last announced its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share 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 the consensus estimate of $30.72 million. As a group, equities analysts expect that PLBY Group, Inc. will post 0.02 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On PLBY Group

A number of large investors have recently bought and sold shares of the stock. Fortress Investment Group LLC grew its holdings in PLBY Group by 183.6% in 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 grew its holdings in PLBY Group by 17.8% in 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. grew its holdings in PLBY Group by 1.0% in 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 PLBY Group in the fourth quarter worth $2,297,000. Finally, Geode Capital Management LLC grew its holdings in PLBY Group by 15.1% in 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 currently owned by institutional investors and hedge funds.

About PLBY Group

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.