PLBY Group (NASDAQ:PLBY) Upgraded by Wall Street Zen to Hold Rating

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

Several other brokerages also recently commented on PLBY. Roth Capital upgraded shares of PLBY Group to a "strong-buy" rating in a report on Friday, January 31st. Roth Mkm began coverage on shares of PLBY Group in a report on Friday, January 31st. They issued a "buy" rating and a $3.00 target price for the company.

PLBY Group Stock Up 3.8%

PLBY traded up $0.06 during trading on Friday, hitting $1.62. 707,144 shares of the company's stock were exchanged, compared to its average volume of 1,144,023. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49. The business's 50 day moving average is $1.17 and its two-hundred day moving average is $1.41. PLBY Group has a fifty-two week low of $0.52 and a fifty-two week high of $2.44. The stock has a market cap of $152.19 million, a P/E ratio of -1.69 and a beta of 2.39.

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, meeting the consensus estimate of ($0.10). The company 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 66.97% and a negative return on equity of 406.14%. As a group, equities analysts expect 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 dated Friday, May 23rd. The shares were sold at an average price of $1.43, for a total transaction of $39,182.00. Following the completion of the sale, the chief executive officer now owns 4,346,015 shares in the company, 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 SEC, which is accessible through this link. 38.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its position in shares of PLBY Group by 15.4% in the first quarter. Jane Street Group LLC now owns 90,693 shares of the company's stock valued at $100,000 after acquiring an additional 12,089 shares during the period. Virtu Financial LLC boosted its stake in shares of PLBY Group by 27.4% in the 1st quarter. Virtu Financial LLC now owns 62,705 shares of the company's stock valued at $69,000 after purchasing an additional 13,482 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of PLBY Group in the 4th quarter valued at $26,000. Tower Research Capital LLC TRC purchased a new stake in shares of PLBY Group in the 4th quarter valued at $41,000. Finally, XTX Topco Ltd boosted its stake 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 purchasing an additional 28,453 shares in the last quarter. 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.