PLBY Group, Inc. $PLBY Shares Sold by Crcm LP

Key Points

• Crcm LP reduced its stake in PLBY Group, Inc. by 45.9%, holding 1,662,752 shares worth $1.83 million, making it the firm's third-largest investment.
• PLBY Group reported a revenue of $28.15 million for the last quarter, exceeding analysts' expectations, while maintaining an earnings per share (EPS) of ($0.04).
• Wall Street Zen downgraded PLBY Group's rating from "hold" to "sell," with the stock's average target price set at $3.00.

Crcm LP reduced its holdings in PLBY Group, Inc. (NASDAQ:PLBY - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,662,752 shares of the company's stock after selling 1,411,648 shares during the period. PLBY Group makes up about 0.7% of Crcm LP's investment portfolio, making the stock its 3rd largest position. Crcm LP owned about 1.77% of PLBY Group worth $1,829,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLBY. Geode Capital Management LLC grew its stake in shares of PLBY Group by 29.8% in the fourth quarter. Geode Capital Management LLC now owns 719,299 shares of the company's stock worth $1,050,000 after acquiring an additional 165,092 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in PLBY Group by 2,004.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company's stock valued at $387,000 after purchasing an additional 252,526 shares during the period. Tower Research Capital LLC TRC acquired a new stake in PLBY Group in the 4th quarter worth $41,000. Two Sigma Securities LLC acquired a new stake in PLBY Group in the 4th quarter worth $87,000. Finally, Jane Street Group LLC bought a new position in shares of PLBY Group during the 4th quarter worth about $115,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

PLBY Group Price Performance

Shares of NASDAQ PLBY traded down $0.03 during trading hours on Friday, reaching $1.64. The stock had a trading volume of 136,058 shares, compared to its average volume of 300,781. The business's fifty day moving average is $1.74 and its two-hundred day moving average is $1.46. The company has a market cap of $155.98 million, a price-to-earnings ratio of -2.10 and a beta of 2.51. PLBY Group, Inc. has a twelve month low of $0.52 and a twelve month high of $2.44.

PLBY Group (NASDAQ:PLBY - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.04) EPS for the quarter, meeting analysts' consensus estimates of ($0.04). The business had revenue of $28.15 million during the quarter, compared to analyst estimates of $26.85 million. PLBY Group had a negative return on equity of 1,460.70% and a negative net margin of 60.96%. Sell-side analysts forecast that PLBY Group, Inc. will post -1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of PLBY Group from a "sell" rating to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Strong Buy" and a consensus target price of $3.00.

PLBY Group Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.