Christopher Riley Sells 71,471 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 71,471 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $1.26, for a total value of $90,053.46. Following the completion of the transaction, the general counsel directly owned 1,617,208 shares of the company’s stock, valued at approximately $2,037,682.08. The trade was a 4.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Riley also recently made the following trade(s):

• On Monday, July 6th, Christopher Riley sold 74,949 shares of PLBY Group stock. The stock was sold at an average price of $1.23, for a total value of $92,187.27.
• On Tuesday, May 5th, Christopher Riley sold 90,896 shares of PLBY Group stock. The shares were sold at an average price of $1.78, for a total value of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The shares were sold at an average price of $1.75, for a total transaction of $158,679.50.
• On Friday, April 24th, Christopher Riley sold 8,916 shares of PLBY Group stock. The shares were sold at an average price of $1.82, for a total transaction of $16,227.12.

PLBY Group Trading Down 2.5%

NASDAQ:PLBY traded down $0.03 during mid-day trading on Tuesday, hitting $1.18. 785,404 shares of the company’s stock were exchanged, compared to its average volume of 1,044,007. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 4.59. PLBY Group, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $2.75. The company has a 50 day simple moving average of $1.43 and a 200-day simple moving average of $1.67. The firm has a market capitalization of $136.84 million, a P/E ratio of -14.75 and a beta of 1.86.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.71 million. As a group, research analysts expect that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. acquired a new stake in PLBY Group during the first quarter worth approximately $27,000. Jones Financial Companies Lllp boosted its holdings in shares of PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after buying an additional 32,263 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of 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 buying an additional 8,390 shares during the period. Bogart Wealth LLC grew its position in shares of 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 during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of PLBY Group by 136.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock valued at $39,000 after acquiring an additional 14,641 shares in the last quarter. 32.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLBY has been the topic of a number of analyst 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 restated a “sell (d-)” rating on shares of PLBY Group in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

PLBY Group Company Profile

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.