Bernhard Kohn III Sells 106,152 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 106,152 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $1.14, for a total transaction of $121,013.28. Following the completion of the transaction, the chief executive officer owned 5,488,408 shares of the company’s stock, valued at $6,256,785.12. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Up 1.8%

PLBY Group stock traded up $0.02 during mid-day trading on Thursday, hitting $1.16. The stock had a trading volume of 798,702 shares, compared to its average volume of 990,583. The stock has a 50-day simple moving average of $1.39 and a two-hundred day simple moving average of $1.66. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59. The stock has a market capitalization of $134.53 million, a PE ratio of -14.50 and a beta of 1.86. PLBY Group, Inc. has a 12 month low of $1.12 and a 12 month high of $2.75.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%.The firm had revenue of $30.24 million for the quarter, compared to the consensus estimate of $30.71 million. As a group, sell-side analysts forecast that PLBY Group, Inc. will post 0.02 EPS for the current year.

Analyst Ratings Changes

PLBY has been the topic of several recent research reports. Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLBY Group in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On PLBY Group

Several hedge funds have recently bought and sold shares of PLBY. Jones Financial Companies Lllp raised its position in shares of PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after purchasing an additional 32,263 shares during the period. Jane Street Group LLC grew its position in shares of PLBY Group by 15.4% in the 1st quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock valued at $100,000 after purchasing an additional 12,089 shares during the period. XTX Topco Ltd grew its position in shares of PLBY Group by 192.4% in the 2nd quarter. XTX Topco Ltd now owns 124,310 shares of the company’s stock valued at $201,000 after purchasing an additional 81,792 shares during the period. Boothbay Fund Management LLC bought a new stake in PLBY Group during the 2nd quarter worth approximately $41,000. Finally, Engineers Gate Manager LP increased its stake in PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares in the last quarter. 32.46% of the stock is currently owned by institutional investors and hedge funds.

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.