PLBY Group (NASDAQ:PLBY) General Counsel Christopher Riley Sells 74,949 Shares

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 74,949 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $1.23, for a total transaction of $92,187.27. Following the completion of the sale, the general counsel directly owned 1,542,259 shares in the company, valued at $1,896,978.57. This trade represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Thursday, July 2nd, Christopher Riley sold 71,471 shares of PLBY Group stock. The stock was sold at an average price of $1.26, for a total value of $90,053.46.
• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The shares were sold at an average price of $1.78, for a total transaction of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The shares were sold at an average price of $1.75, for a total transaction of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The stock was sold at an average price of $1.82, for a total value of $16,227.12.

PLBY Group Price Performance

Shares of PLBY stock traded down $0.03 during trading hours on Tuesday, hitting $1.18. 785,404 shares of the company’s stock were exchanged, compared to its average volume of 1,044,007. PLBY Group, Inc. has a 52 week low of $1.18 and a 52 week high of $2.75. The stock has a market cap of $136.84 million, a price-to-earnings ratio of -14.75 and a beta of 1.86. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.80. The stock’s 50-day moving average is $1.43 and its 200-day moving average is $1.67.

PLBY Group (NASDAQ:PLBY) last released its quarterly 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). PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. The company had revenue of $30.24 million for the quarter, compared to the consensus estimate of $30.71 million. As a group, research analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current year.

Institutional Trading of PLBY Group

A number of institutional investors have recently bought and sold shares of PLBY. CTC Alternative Strategies Ltd. bought a new stake in shares of PLBY Group during the 1st quarter valued at $27,000. Bank of America Corp DE grew its stake in shares of PLBY Group by 56.5% during the first quarter. Bank of America Corp DE now owns 85,154 shares of the company’s stock worth $129,000 after purchasing an additional 30,734 shares during the period. Sei Investments Co. bought a new stake in PLBY Group in the first quarter valued at about $577,000. Crcm LP lifted its stake 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 during the period. Finally, Hillsdale Investment Management Inc. bought a new position in PLBY Group during the first quarter worth about $228,000. Institutional investors and hedge funds own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a report on Thursday, June 18th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.