PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 94,594 Shares

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 94,594 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $1.50, for a total value of $141,891.00. Following the completion of the transaction, the chief executive officer directly owned 6,074,967 shares of the company’s stock, valued at approximately $9,112,450.50. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Price Performance

Shares of PLBY traded down $0.10 during mid-day trading on Wednesday, reaching $1.40. The company had a trading volume of 2,547,528 shares, compared to its average volume of 993,197. PLBY Group, Inc. has a twelve month low of $1.16 and a twelve month high of $2.75. The company has a debt-to-equity ratio of 4.59, a current ratio of 1.00 and a quick ratio of 0.82. The company’s 50-day moving average is $1.69 and its 200-day moving average is $1.76. The company has a market capitalization of $162.36 million, a P/E ratio of -17.50 and a beta of 1.91.

PLBY Group (NASDAQ:PLBY) last issued 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 positive return on equity of 21.89% and a negative net margin of 6.21%.The company had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.72 million. On average, equities analysts anticipate that PLBY Group, Inc. will post 0.09 EPS for the current year.

Institutional Investors Weigh In On PLBY Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PLBY. Hudson Bay Capital Management LP boosted its position in PLBY Group by 16.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock valued at $77,000 after buying an additional 5,648 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of PLBY Group by 30.4% in the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock worth $45,000 after purchasing an additional 6,965 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of PLBY Group by 57.8% in 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 during the last quarter. Bogart Wealth LLC boosted its position in shares of PLBY Group by 66.7% in the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Boothbay Fund Management LLC boosted its position in shares of PLBY Group by 41.7% in the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock worth $52,000 after purchasing an additional 10,500 shares during the last quarter. 32.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Zacks Research cut PLBY Group from a “hold” rating to a “strong sell” rating in a report on Monday. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock 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.