PLBY Group (NASDAQ:PLBY) Director Sells $123,750.00 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 75,000 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $1.65, for a total value of $123,750.00. Following the completion of the transaction, the director owned 215,010 shares of the company’s stock, valued at $354,766.50. The trade was a 25.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

PLBY Group Trading Up 1.1%

NASDAQ:PLBY traded up $0.02 during mid-day trading on Tuesday, reaching $1.84. The company’s stock had a trading volume of 1,099,278 shares, compared to its average volume of 500,581. The company has a debt-to-equity ratio of 46.45, a current ratio of 0.92 and a quick ratio of 0.78. The stock has a market cap of $198.27 million, a P/E ratio of -5.58 and a beta of 2.46. The company’s fifty day simple moving average is $1.47 and its two-hundred day simple moving average is $1.58. PLBY Group, Inc. has a twelve month low of $0.90 and a twelve month high of $2.44.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $28.99 million for the quarter, compared to analyst estimates of $29.51 million. On average, equities analysts predict that PLBY Group, Inc. will post -1.01 EPS for the current year.

Institutional Investors Weigh In On PLBY Group

Hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new stake in PLBY Group during the 3rd quarter worth about $56,000. Millennium Management LLC raised its holdings in shares of PLBY Group by 63.4% during the third quarter. Millennium Management LLC now owns 138,200 shares of the company’s stock valued at $203,000 after acquiring an additional 53,646 shares during the period. Fortress Investment Group LLC lifted its position in shares of PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after acquiring an additional 10,740,578 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in PLBY Group by 41.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock worth $52,000 after purchasing an additional 10,500 shares during the period. Finally, Crcm LP grew its position in PLBY Group by 105.4% during the 3rd quarter. Crcm LP now owns 1,451,156 shares of the company’s stock worth $2,133,000 after purchasing an additional 744,536 shares in the last quarter. 32.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of PLBY Group from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PLBY Group currently has an average rating of “Moderate Buy” and an average price target of $3.00.

PLBY Group Company Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.