PLBY Group (NASDAQ:PLBY) Lowered to Sell Rating by Wall Street Zen

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

PLBY Group Stock Performance

Shares of PLBY stock traded up $0.03 during trading hours on Friday, hitting $1.78. 165,950 shares of the company were exchanged, compared to its average volume of 1,144,267. PLBY Group has a one year low of $0.52 and a one year high of $2.44. The business's 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.44. The stock has a market capitalization of $167.21 million, a price-to-earnings ratio of -1.91 and a beta of 2.50.

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

Insider Transactions at PLBY Group

In other PLBY Group news, CEO Bernhard L. Kohn III sold 27,400 shares of the firm'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 transaction, the chief executive officer owned 4,346,015 shares of the company's stock, valued at $6,214,801.45. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 38.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PLBY Group

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in PLBY Group by 15.4% in the first quarter. Jane Street Group LLC now owns 90,693 shares of the company's stock worth $100,000 after acquiring an additional 12,089 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of PLBY Group by 7,468.3% during the first 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 during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of PLBY Group during the first quarter valued at approximately $247,000. Virtu Financial LLC raised its holdings in shares of PLBY Group by 27.4% during the first quarter. Virtu Financial LLC now owns 62,705 shares of the company's stock valued at $69,000 after buying an additional 13,482 shares during the last quarter. Finally, Sfmg LLC raised its holdings in shares of PLBY Group by 12.0% during the first quarter. Sfmg LLC now owns 411,000 shares of the company's stock valued at $452,000 after buying an additional 44,000 shares during the last quarter. Institutional investors own 32.46% of the company's stock.

About PLBY Group

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.