PLBY Group (NASDAQ:PLBY) General Counsel Christopher Riley Sells 74,949 Shares

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 74,949 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $1.23, for a total transaction of $92,187.27. Following the sale, the general counsel owned 1,542,259 shares of the company’s stock, valued at approximately $1,896,978.57. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Thursday, July 2nd, Christopher Riley sold 71,471 shares of PLBY Group stock. The shares were sold at an average price of $1.26, for a total transaction of $90,053.46.
• 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 transaction of $161,794.88.
• On Monday, May 4th, Christopher Riley sold 90,674 shares of PLBY Group stock. The stock was 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 value of $16,227.12.

PLBY Group Price Performance

PLBY Group stock opened at $1.18 on Wednesday. PLBY Group, Inc. has a 12 month low of $1.18 and a 12 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 0.80. The business has a 50 day simple moving average of $1.42 and a 200-day simple moving average of $1.67. The stock has a market capitalization of $136.84 million, a PE ratio of -14.75 and a beta of 1.86.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share 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 business had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.71 million. Equities analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

PLBY has been the topic of several recent analyst reports. Zacks Research lowered shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of PLBY Group in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PLBY. Fortress Investment Group LLC grew its stake in PLBY Group by 183.6% in the 3rd quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after acquiring an additional 10,740,578 shares during the last quarter. Bbfit Investments PTE Ltd. acquired a new position in PLBY Group during the fourth quarter worth about $2,297,000. Crcm LP raised its position in PLBY Group by 154.2% during the fourth quarter. Crcm LP now owns 3,689,452 shares of the company’s stock worth $6,936,000 after acquiring an additional 2,238,296 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of PLBY Group by 15.4% in the first quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock valued at $100,000 after purchasing an additional 12,089 shares in the last quarter. Finally, Barclays PLC grew its position in shares of PLBY Group by 6,345.4% in the fourth quarter. Barclays PLC now owns 60,651 shares of the company’s stock valued at $114,000 after purchasing an additional 59,710 shares during the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

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.