Tracey Edmonds Sells 30,816 Shares of PLBY Group (NASDAQ:PLBY) Stock

PLBY Group, Inc. (NASDAQ:PLBY) Director Tracey Edmonds sold 30,816 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $1.24, for a total transaction of $38,211.84. Following the completion of the sale, the director owned 223,548 shares in the company, valued at approximately $277,199.52. This trade represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PLBY Group Trading Up 1.6%

NASDAQ PLBY traded up $0.02 on Thursday, hitting $1.29. 479,889 shares of the company were exchanged, compared to its average volume of 1,068,151. The company’s 50 day moving average price is $1.63 and its 200-day moving average price is $1.76. 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 firm has a market capitalization of $149.60 million, a P/E ratio of -16.13 and a beta of 1.91. PLBY Group, Inc. has a twelve month low of $1.19 and a twelve month high of $2.75.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million for the quarter, compared to analyst estimates of $30.72 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. Analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On PLBY Group

A number of large investors have recently made changes to their positions in the business. Fortress Investment Group LLC grew its stake in shares of 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 buying an additional 10,740,578 shares in the last quarter. Crcm LP grew its stake in shares of PLBY Group by 154.2% in the 4th quarter. Crcm LP now owns 3,689,452 shares of the company’s stock valued at $6,936,000 after buying an additional 2,238,296 shares in the last quarter. Bbfit Investments PTE Ltd. bought a new stake in shares of PLBY Group in the 4th quarter valued at approximately $2,297,000. Marshall Wace LLP bought a new stake in shares of PLBY Group in the 4th quarter valued at approximately $1,169,000. Finally, Sei Investments Co. bought a new stake in shares of PLBY Group in the 1st quarter valued at approximately $577,000. Institutional investors and hedge funds own 32.46% of the company’s stock.

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.