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

Key Points

• Director Tracey Edmonds sold 16,558 PLBY shares at an average price of $1.21, generating $20,035.18 and reducing her ownership by 8.57% to 176,711 shares.
• PLBY shares were flat at $1.20, with a market capitalization of approximately $143.77 million; the stock trades near its 52-week low of $1.08 and well below its high of $2.75.
• Analyst sentiment remains negative, with a consensus “Reduce” rating from one Hold and one Sell rating, while hedge funds and other institutional investors own 32.46% of the company.

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) Director Tracey Edmonds sold 16,558 shares of the company's stock in a transaction 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 transaction, the director directly owned 176,711 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available at this link.

PLBY Group Price Performance

NASDAQ PLBY remained flat at $1.20 during trading hours on Friday. The company had a trading volume of 173,524 shares, compared to its average volume of 979,281. 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 company has a market capitalization of $143.77 million, a P/E ratio of 24.40 and a beta of 1.89. The stock has a 50 day moving average price of $1.23 and a 200 day moving average price of $1.52. PLBY Group, Inc. has a 52 week low of $1.08 and a 52 week high of $2.75.

Wall Street Analyst Weigh In

A number of research firms have commented on PLBY. Weiss Ratings raised shares of PLBY Group from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Zacks Research raised PLBY Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PLBY Group has a consensus rating of "Reduce".

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. purchased a new stake in PLBY Group during the first quarter valued at approximately $27,000. Engineers Gate Manager LP boosted its stake in shares of PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company's stock worth $37,000 after acquiring an additional 8,390 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company's stock worth $38,000 after acquiring an additional 10,000 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of PLBY Group during the 2nd quarter worth $41,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in shares of PLBY Group by 136.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company's stock valued at $39,000 after acquiring an additional 14,641 shares during the period. Hedge funds and other institutional investors 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.

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