PLBY Group (NASDAQ:PLBY) Director Sells $30,044.00 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 25,900 shares of PLBY Group stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $1.16, for a total transaction of $30,044.00. Following the completion of the transaction, the director directly owned 142,253 shares in the company, valued at approximately $165,013.48. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PLBY Group Stock Down 2.5%

Shares of NASDAQ:PLBY traded down $0.03 during trading on Wednesday, reaching $1.15. 449,722 shares of the company traded hands, compared to its average volume of 959,982. The company has a quick ratio of 0.64, a current ratio of 0.79 and a debt-to-equity ratio of 6.83. PLBY Group, Inc. has a 1-year low of $1.08 and a 1-year high of $2.75. The firm has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $1.46. The firm has a market cap of $137.78 million, a P/E ratio of 23.40 and a beta of 1.91.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLBY. Weiss Ratings raised PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Zacks Research raised PLBY Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Trading of PLBY Group

Large investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. acquired a new position in PLBY Group during the 1st quarter worth about $27,000. Jones Financial Companies Lllp raised its stake 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 acquiring an additional 32,263 shares during the last quarter. Engineers Gate Manager LP raised its stake 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 during the last quarter. Bogart Wealth LLC lifted its position in shares of PLBY Group by 66.7% during the first quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake 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 purchasing an additional 14,641 shares during the last quarter. Institutional investors own 32.46% of the company’s stock.

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.