PLBY Group (NASDAQ:PLBY) Rating Increased to Hold at Wall Street Zen

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

PLBY Group Stock Performance

NASDAQ:PLBY opened at $1.58 on Friday. PLBY Group has a 52 week low of $0.52 and a 52 week high of $2.44. The firm has a market cap of $148.05 million, a price-to-earnings ratio of -1.69 and a beta of 2.50. The firm's 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.43.

PLBY Group (NASDAQ:PLBY - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.10) EPS for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $26.70 million. Sell-side analysts anticipate that PLBY Group will post -1.01 EPS for the current year.

Insider Transactions at PLBY Group

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

Institutional Investors Weigh In On PLBY Group

A number of large investors have recently bought and sold shares of PLBY. Crcm LP acquired a new stake in PLBY Group during the fourth quarter worth about $4,489,000. Renaissance Technologies LLC grew 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 buying an additional 252,526 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in PLBY Group during the first quarter worth about $247,000. Millennium Management LLC acquired a new stake in PLBY Group during the fourth quarter worth about $281,000. Finally, Geode Capital Management LLC grew 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 buying an additional 165,092 shares in the last quarter. 32.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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