PLBY Group (NASDAQ:PLBY) General Counsel Sells $16,227.12 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 8,916 shares of PLBY Group stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $1.82, for a total value of $16,227.12. Following the sale, the general counsel owned 1,870,249 shares of the company’s stock, valued at approximately $3,403,853.18. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Down 1.1%

NASDAQ:PLBY traded down $0.02 during mid-day trading on Friday, reaching $1.83. The stock had a trading volume of 477,419 shares, compared to its average volume of 804,065. The stock has a market cap of $210.19 million, a P/E ratio of -12.20 and a beta of 2.51. The business’s 50 day moving average is $1.77 and its 200 day moving average is $1.73. The company has a debt-to-equity ratio of 9.40, a current ratio of 1.03 and a quick ratio of 0.82. PLBY Group, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $34.91 million during the quarter, compared to analyst estimates of $33.52 million. As a group, sell-side analysts predict that PLBY Group, Inc. will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On PLBY Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC grew its holdings in 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. Virtu Financial LLC acquired a new stake in shares of PLBY Group in the fourth quarter worth $228,000. Millennium Management LLC lifted its stake in shares of PLBY Group by 35.4% in the fourth quarter. Millennium Management LLC now owns 187,089 shares of the company’s stock worth $352,000 after buying an additional 48,889 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of PLBY Group during the 4th quarter worth $60,000. Finally, Bbfit Investments PTE Ltd. bought a new stake in shares of PLBY Group during the 4th quarter worth $2,297,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, PLBY Group has an average 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.