PLBY Group (NASDAQ:PLBY) Director Tracey Edmonds Sells 16,558 Shares

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 16,558 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1.21, for a total value of $20,035.18. Following the completion of the transaction, the director directly owned 176,711 shares in the company, valued at $213,820.31. The trade was a 8.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PLBY Group Price Performance

PLBY opened at $1.20 on Friday. The firm has a market cap of $143.77 million, a P/E ratio of 24.00 and a beta of 1.89. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.64 and a current ratio of 0.79. The business has a 50 day moving average price of $1.23 and a 200 day moving average price of $1.51. PLBY Group, Inc. has a twelve month low of $1.08 and a twelve month high of $2.75.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PLBY shares. Weiss Ratings upgraded shares of PLBY Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Zacks Research raised PLBY Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PLBY Group has an average rating of “Reduce”.

Institutional Trading of PLBY Group

A number of hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP grew 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 worth $77,000 after purchasing an additional 5,648 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of PLBY Group by 30.4% in the first quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after buying an additional 6,965 shares during the period. Engineers Gate Manager LP grew its position in PLBY Group by 57.8% during the second 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 in the last quarter. Bogart Wealth LLC increased 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 valued at $38,000 after acquiring an additional 10,000 shares during the period. Finally, Boothbay Fund Management LLC increased its stake in PLBY Group by 41.7% during the third quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock valued at $52,000 after acquiring an additional 10,500 shares during the period. 32.46% of the stock is owned by institutional investors.

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.