PLBY Group (NASDAQ:PLBY) Announces Earnings Results

PLBY Group (NASDAQ:PLBY – Get Rating) issued its quarterly earnings results on Thursday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09), Briefing.com reports. PLBY Group had a negative net margin of 104.04% and a positive return on equity of 2.72%. The business had revenue of $68.50 million during the quarter, compared to analyst estimates of $75.65 million. During the same period in the previous year, the company posted ($1.14) earnings per share. PLBY Group’s revenue was down 28.4% compared to the same quarter last year.

PLBY Group Trading Down 11.0 %

Shares of NASDAQ PLBY opened at $1.75 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.66 and a quick ratio of 1.23. The business has a 50 day simple moving average of $2.57 and a 200 day simple moving average of $3.29. PLBY Group has a 52 week low of $1.63 and a 52 week high of $15.90.

Insiders Place Their Bets

In other PLBY Group news, CEO Bernhard L. Kohn III sold 151,617 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $3.27, for a total transaction of $495,787.59. Following the completion of the sale, the chief executive officer now owns 1,426,432 shares of the company’s stock, valued at $4,664,432.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 30.00% of the company’s stock.

Institutional Investors Weigh In On PLBY Group

Hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC bought a new stake in shares of PLBY Group in the third quarter valued at approximately $42,000. Deutsche Bank AG boosted its position in shares of PLBY Group by 53.1% in the fourth quarter. Deutsche Bank AG now owns 17,867 shares of the company’s stock valued at $49,000 after acquiring an additional 6,195 shares during the period. FMR LLC boosted its position in shares of PLBY Group by 89.3% in the second quarter. FMR LLC now owns 8,198 shares of the company’s stock valued at $53,000 after acquiring an additional 3,867 shares during the period. American International Group Inc. boosted its position in shares of PLBY Group by 32.8% in the fourth quarter. American International Group Inc. now owns 19,611 shares of the company’s stock valued at $54,000 after acquiring an additional 4,841 shares during the period. Finally, MetLife Investment Management LLC acquired a new position in shares of PLBY Group in the fourth quarter valued at $68,000. 58.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Chardan Capital reiterated a “buy” rating and issued a $5.00 target price on shares of PLBY Group in a report on Monday, February 13th. Roth Mkm dropped their target price on PLBY Group from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, PLBY Group presently has an average rating of “Moderate Buy” and an average target price of $11.00.

About PLBY Group

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PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as products that enhance sexual experience, lingerie, bedroom accessories, intimates, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.