PLBY Group (NASDAQ:PLBY) Announces Quarterly Earnings Results, Meets Estimates

PLBY Group (NASDAQ:PLBY) issued its quarterly earnings results on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03, FiscalAI reports. The business had revenue of $34.91 million during the quarter, compared to analysts’ expectations of $33.52 million.

PLBY Group Trading Up 5.4%

PLBY stock traded up $0.09 during mid-day trading on Monday, reaching $1.77. 2,669,822 shares of the stock traded hands, compared to its average volume of 1,137,563. PLBY Group has a one year low of $0.90 and a one year high of $2.75. The stock has a market capitalization of $190.74 million, a PE ratio of -5.36 and a beta of 2.59. The company has a debt-to-equity ratio of 46.45, a quick ratio of 0.78 and a current ratio of 0.92. The business has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $1.72.

Institutional Investors Weigh In On PLBY Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in shares of PLBY Group during the fourth quarter worth $1,169,000. 683 Capital Management LLC bought a new position in shares of PLBY Group in the fourth quarter worth about $492,000. Goldman Sachs Group Inc. increased its stake in PLBY Group by 240.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 370,228 shares of the company’s stock worth $696,000 after buying an additional 261,406 shares during the period. Squarepoint Ops LLC increased its stake in PLBY Group by 494.8% in the 4th quarter. Squarepoint Ops LLC now owns 312,579 shares of the company’s stock worth $588,000 after buying an additional 260,025 shares during the period. Finally, Virtu Financial LLC bought a new stake in PLBY Group during the 4th quarter valued at about $228,000. 32.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.