Wall Street Zen Downgrades PLBY Group (NASDAQ:PLBY) to Sell

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

PLBY Group Stock Performance

PLBY Group stock remained flat at $1.47 during mid-day trading on Friday. 246,949 shares of the company were exchanged, compared to its average volume of 1,146,784. The stock has a market capitalization of $138.09 million, a P/E ratio of -1.58 and a beta of 2.52. The firm's 50-day moving average price is $1.27 and its 200 day moving average price is $1.44. PLBY Group has a 52 week low of $0.52 and a 52 week high of $2.44.

PLBY Group (NASDAQ:PLBY - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.10). The company had revenue of $28.88 million for 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, sell-side analysts forecast that PLBY Group will post -1.01 earnings per share for the current 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 on Friday, May 23rd. The shares were sold at an average price of $1.43, for a total transaction of $39,182.00. Following the transaction, the chief executive officer now owns 4,346,015 shares in the company, valued at $6,214,801.45. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 38.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PLBY. Balyasny Asset Management L.P. bought a new position in PLBY Group during the fourth quarter valued at $26,000. Jones Financial Companies Lllp increased its position in 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 acquiring an additional 32,263 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in PLBY Group during the fourth quarter valued at $41,000. XTX Topco Ltd grew its holdings in shares of PLBY Group by 202.3% in the first quarter. XTX Topco Ltd now owns 42,518 shares of the company's stock worth $47,000 after purchasing an additional 28,453 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of PLBY Group in the fourth quarter worth about $50,000. 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.