Bernhard Kohn III Sells 97,658 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 97,658 shares of PLBY Group stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $1.39, for a total value of $135,744.62. Following the completion of the transaction, the chief executive officer owned 5,977,309 shares of the company’s stock, valued at approximately $8,308,459.51. This represents a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of PLBY Group stock opened at $1.40 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. PLBY Group, Inc. has a twelve month low of $1.16 and a twelve month high of $2.75. The business has a 50-day moving average price of $1.68 and a 200 day moving average price of $1.76. The firm has a market cap of $162.35 million, a PE ratio of -17.50 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings results 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 negative net margin of 6.21% and a positive return on equity of 21.89%. The business had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.72 million. Sell-side analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLBY Group

Several large investors have recently bought and sold shares of the company. Sei Investments Co. purchased a new stake in PLBY Group during the 1st quarter worth approximately $577,000. Crcm LP increased its stake in PLBY Group by 17.8% during the 1st quarter. Crcm LP now owns 4,345,517 shares of the company’s stock worth $6,605,000 after buying an additional 656,065 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in PLBY Group during the 1st quarter worth approximately $228,000. Kestra Advisory Services LLC increased its stake in PLBY Group by 30.4% during the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock worth $45,000 after buying an additional 6,965 shares in the last quarter. Finally, Bogart Wealth LLC increased its stake in PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares in the last quarter. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Zacks Research lowered PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus 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.