Wall Street Zen Upgrades PLBY Group (NASDAQ:PLBY) to Hold

Wall Street Zen upgraded shares of PLBY Group (NASDAQ:PLBY - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday.

PLBY has been the topic of a number of other reports. Roth Mkm assumed 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 upgraded shares of PLBY Group to a "strong-buy" rating in a research report on Friday, January 31st.

PLBY Group Stock Performance

Shares of NASDAQ PLBY remained flat at $1.56 during mid-day trading on Friday. 337,663 shares of the stock traded hands, compared to its average volume of 1,140,007. PLBY Group has a 12 month low of $0.52 and a 12 month high of $2.44. The firm's fifty day moving average price is $1.15 and its two-hundred day moving average price is $1.40. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $146.55 million, a P/E ratio of -1.62 and a beta of 2.39.

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

Insider Buying and Selling

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 4,346,015 shares of the company's stock, valued at approximately $6,214,801.45. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 38.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On PLBY Group

A number of large investors have recently made changes to their positions in the company. Crcm LP acquired a new position in PLBY Group in the fourth quarter valued at about $4,489,000. Virtu Financial LLC acquired a new position in PLBY Group during the fourth quarter worth about $72,000. Headlands Technologies LLC acquired a new position in PLBY Group during the fourth quarter worth about $114,000. Geode Capital Management LLC raised its stake in PLBY Group by 29.8% during the fourth quarter. Geode Capital Management LLC now owns 719,299 shares of the company's stock worth $1,050,000 after acquiring an additional 165,092 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in PLBY Group by 2,004.2% during the fourth quarter. Renaissance Technologies LLC now owns 265,126 shares of the company's stock worth $387,000 after acquiring an additional 252,526 shares in 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.