PLBY Group (NASDAQ:PLBY) CEO Sells $33,858.66 in Stock

Key Points

• CEO Bernhard Kohn III sold 18,502 shares on April 24 for a total of $33,858.66 at $1.83 per share to cover tax withholding on vested equity, reducing his stake by 0.30% to 6,245,045 shares.
• PLBY shares traded down to $1.83 (about -1.1%) with a market cap of roughly $210.2M, a negative PE (-12.2) and a 12‑month range of $0.93–$2.75; the company reported Q1 EPS of $0.03 and revenue of $34.91M, while analysts' consensus and Weiss Ratings both rate the stock a Sell.

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report) CEO Bernhard Kohn III sold 18,502 shares of the company's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $1.83, for a total value of $33,858.66. Following the completion of the sale, the chief executive officer owned 6,245,045 shares of the company's stock, valued at approximately $11,428,432.35. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Trading Down 1.1%

Shares of NASDAQ PLBY traded down $0.02 during trading on Friday, hitting $1.83. 477,419 shares of the company were exchanged, compared to its average volume of 804,065. The company has a fifty day moving average price of $1.77 and a 200-day moving average price of $1.73. The company has a debt-to-equity ratio of 9.40, a quick ratio of 0.82 and a current ratio of 1.03. The firm has a market capitalization of $210.19 million, a PE ratio of -12.20 and a beta of 2.51. PLBY Group, Inc. has a 12-month low of $0.93 and a 12-month high of $2.75.

PLBY Group (NASDAQ:PLBY - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.03. The firm had revenue of $34.91 million during the quarter, compared to analysts' expectations of $33.52 million. As a group, equities research analysts expect that PLBY Group, Inc. will post 0.09 EPS for the current year.

Institutional Investors Weigh In On PLBY Group

A number of institutional investors have recently made changes to their positions in PLBY. Patriot Financial Group Insurance Agency LLC raised its stake in shares of PLBY Group by 136.5% in 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. Virtu Financial LLC purchased a new position in shares of PLBY Group during the 4th quarter worth approximately $228,000. Millennium Management LLC increased its holdings in PLBY Group by 35.4% in the 4th quarter. Millennium Management LLC now owns 187,089 shares of the company's stock valued at $352,000 after purchasing an additional 48,889 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in PLBY Group in the fourth quarter valued at approximately $60,000. Finally, Bbfit Investments PTE Ltd. purchased a new stake in PLBY Group in the fourth quarter valued at approximately $2,297,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of PLBY Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

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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