PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 18,198 Shares

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 18,198 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $1.33, for a total value of $24,203.34. Following the sale, the director directly owned 201,462 shares in the company, valued at approximately $267,944.46. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PLBY Group Stock Performance

PLBY Group stock traded up $0.05 during midday trading on Wednesday, hitting $1.33. 686,054 shares of the company were exchanged, compared to its average volume of 1,116,329. The firm has a market capitalization of $154.24 million, a PE ratio of -16.63 and a beta of 1.91. PLBY Group, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.75. The business has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.76. 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 posted its earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. On average, sell-side analysts forecast that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Trading of PLBY Group

Institutional investors have recently bought and sold shares of the business. CTC Alternative Strategies Ltd. acquired a new stake in PLBY Group in the first quarter valued at approximately $27,000. Jones Financial Companies Lllp grew its holdings in PLBY Group by 7,468.3% in the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after purchasing an additional 32,263 shares during the period. Engineers Gate Manager LP grew its holdings in PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after purchasing an additional 8,390 shares during the period. Bogart Wealth LLC grew its holdings in PLBY Group by 66.7% in the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in PLBY Group by 136.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after purchasing an additional 14,641 shares during the period. 32.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, PLBY Group currently has an average rating of “Sell”.

PLBY Group Company Profile

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.