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 report issued on Thursday.

A number of other equities analysts have also commented on PLBY. Roth Mkm began coverage on shares of PLBY Group in a research report on Friday, January 31st. They set a "buy" rating and a $3.00 target price on the stock. Roth Capital raised shares of PLBY Group to a "strong-buy" rating in a research report on Friday, January 31st.

PLBY Group Trading Up 12.1%

Shares of NASDAQ:PLBY traded up $0.18 during trading on Thursday, reaching $1.63. 349,163 shares of the company were exchanged, compared to its average volume of 1,137,414. The firm has a market capitalization of $152.66 million, a PE ratio of -1.69 and a beta of 2.39. The business's fifty day simple moving average is $1.12 and its 200-day simple moving average is $1.39. PLBY Group has a 12-month low of $0.52 and a 12-month high of $2.44. The company has a debt-to-equity ratio of 12.49, a current ratio of 1.44 and a quick ratio of 1.44.

PLBY Group (NASDAQ:PLBY - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, hitting analysts' consensus estimates of ($0.10). The business had revenue of $28.88 million for the quarter, compared to analyst estimates of $26.70 million. PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. On average, research analysts anticipate that PLBY Group will post -1.01 EPS for the current year.

Hedge Funds Weigh In On PLBY Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Crcm LP bought a new position in shares of PLBY Group during the fourth quarter valued at approximately $4,489,000. Geode Capital Management LLC boosted its stake in shares of PLBY Group by 29.8% during the fourth quarter. Geode Capital Management LLC now owns 719,299 shares of the company's stock valued at $1,050,000 after purchasing an additional 165,092 shares in the last quarter. Sfmg LLC boosted its stake 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 purchasing an additional 44,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of PLBY Group by 2,004.2% during the fourth 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of PLBY Group during the first quarter valued at approximately $247,000. 32.46% of the stock is currently owned by institutional investors.

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.