PLBY Group (NASDAQ:PLBY) Downgraded by Wall Street Zen to "Sell"

PLBY Group (NASDAQ:PLBY - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.

PLBY Group Trading Up 0.5%

Shares of PLBY traded up $0.01 during midday trading on Friday, reaching $1.86. The stock had a trading volume of 372,336 shares, compared to its average volume of 1,155,909. The firm has a 50 day simple moving average of $1.49 and a 200-day simple moving average of $1.44. PLBY Group has a one year low of $0.52 and a one year high of $2.44. The firm has a market cap of $174.73 million, a PE ratio of -2.00 and a beta of 2.50.

PLBY Group (NASDAQ:PLBY - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The business had revenue of $28.88 million during the quarter, compared to the consensus estimate of $26.70 million. PLBY Group had a negative net margin of 71.91% and a negative return on equity of 1,460.70%. As a group, research analysts forecast that PLBY Group will post -1.01 EPS for the current fiscal year.

Insider Activity at PLBY Group

In other PLBY Group news, CEO Bernhard L. Kohn III sold 27,400 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1.43, for a total value of $39,182.00. Following the completion of the sale, the chief executive officer owned 4,346,015 shares of the company's stock, valued at $6,214,801.45. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 38.30% of the company's stock.

Institutional Trading of PLBY Group

A number of institutional investors have recently bought and sold shares of PLBY. Balyasny Asset Management L.P. bought a new stake in PLBY Group in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp raised its position in shares of PLBY Group by 7,468.3% in the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock valued at $36,000 after buying an additional 32,263 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of PLBY Group in the 4th quarter valued at approximately $41,000. XTX Topco Ltd raised its position in shares of PLBY Group by 202.3% in the 1st quarter. XTX Topco Ltd now owns 42,518 shares of the company's stock valued at $47,000 after buying an additional 28,453 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of PLBY Group in the 4th quarter valued at approximately $50,000. Institutional investors own 32.46% of the company's stock.

PLBY Group Company 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.