PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 81,771 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 81,771 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $1.35, for a total transaction of $110,390.85. Following the completion of the sale, the chief executive officer owned 5,812,861 shares of the company’s stock, valued at approximately $7,847,362.35. The trade was a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

PLBY Group stock opened at $1.33 on Friday. PLBY Group, Inc. has a 1 year low of $1.19 and a 1 year high of $2.75. The firm has a 50 day moving average price of $1.67 and a 200 day moving average price of $1.76. The company has a market cap of $154.24 million, a price-to-earnings ratio of -16.63 and a beta of 1.91. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.82 and a current ratio of 1.00.

PLBY Group (NASDAQ:PLBY) last released its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company 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 year.

Institutional Investors Weigh In On PLBY Group

Several institutional investors have recently bought and sold shares of the business. Sei Investments Co. purchased a new stake in PLBY Group during the first quarter worth approximately $577,000. Crcm LP grew its stake in PLBY Group by 17.8% during the first 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 during the period. Hillsdale Investment Management Inc. purchased a new stake in PLBY Group during the first quarter worth approximately $228,000. Kestra Advisory Services LLC grew its stake in PLBY Group by 30.4% during the first 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 during the period. Finally, Bogart Wealth LLC grew its stake in PLBY Group by 66.7% during the first 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. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, PLBY Group 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.