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

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

PLBY Group Stock Up 2.9%

Shares of PLBY traded up $0.05 during trading hours on Friday, hitting $1.80. The company had a trading volume of 562,782 shares, compared to its average volume of 1,151,488. PLBY Group has a 52-week low of $0.52 and a 52-week high of $2.44. The stock's 50 day moving average price is $1.45 and its 200 day moving average price is $1.43. The firm has a market cap of $169.09 million, a P/E ratio of -1.94 and a beta of 2.50.

PLBY Group (NASDAQ:PLBY - Get Free Report) last posted 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). The business had revenue of $28.88 million for the quarter, compared to analyst estimates of $26.70 million. PLBY Group had a negative return on equity of 1,460.70% and a negative net margin of 71.91%. On average, research analysts expect that PLBY Group will post -1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other PLBY Group 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 sale, the chief executive officer owned 4,346,015 shares of the company's stock, valued at $6,214,801.45. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.30% of the stock is owned by corporate insiders.

Institutional Trading of PLBY Group

Institutional investors have recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new position in PLBY Group during the 4th quarter valued at about $26,000. Jones Financial Companies Lllp grew its position in shares of PLBY Group by 7,468.3% in the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock worth $36,000 after buying an additional 32,263 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of PLBY Group during the fourth quarter valued at approximately $41,000. XTX Topco Ltd raised its holdings in shares of PLBY Group by 202.3% during the first quarter. XTX Topco Ltd now owns 42,518 shares of the company's stock valued at $47,000 after acquiring an additional 28,453 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of PLBY Group during the fourth quarter valued at approximately $50,000. 32.46% of the stock is currently owned by hedge funds and other 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.