PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 8,193 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 8,193 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $1.33, for a total value of $10,896.69. Following the completion of the transaction, the director directly owned 193,269 shares in the company, valued at approximately $257,047.77. This trade represents a 4.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

PLBY Group Price Performance

PLBY opened at $1.33 on Thursday. The stock’s 50-day moving average price is $1.60 and its 200 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. 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 $154.24 million, a price-to-earnings ratio of -16.63 and a beta of 1.91.

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

Institutional Investors Weigh In On PLBY Group

Large investors have recently bought and sold shares of the stock. CTC Alternative Strategies Ltd. purchased a new stake in PLBY Group during the 1st quarter worth about $27,000. Engineers Gate Manager LP increased its holdings in 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 increased its holdings in 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 purchased a new stake in PLBY Group during the 2nd quarter worth about $41,000. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings 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 during the period. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Analyst Ratings Changes

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

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.