PLBY Group (NASDAQ:PLBY) Releases Quarterly Earnings Results, Hits Estimates

Key Points

• PLBY Group reported quarterly earnings with an EPS of ($0.04), matching analyst expectations, but also noted a negative net margin of 71.91% and an alarming return on equity of -1,460.70%.
• The company's stock traded up 1.2% to $1.65, with its 12-month range being a low of $0.52 and a high of $2.44.
• Wall Street analysts have downgraded PLBY Group's rating from "hold" to "sell", indicating a bearish sentiment towards the stock's future performance.

PLBY Group (NASDAQ:PLBY - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04), Zacks reports. PLBY Group had a negative net margin of 71.91% and a negative return on equity of 1,460.70%.

PLBY Group Trading Up 1.2%

PLBY Group stock traded up $0.02 during mid-day trading on Tuesday, hitting $1.65. The company's stock had a trading volume of 314,081 shares, compared to its average volume of 332,702. The stock's fifty day moving average price is $1.69 and its two-hundred day moving average price is $1.47. PLBY Group has a twelve month low of $0.52 and a twelve month high of $2.44.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of PLBY Group from a "hold" rating to a "sell" rating in a report on Sunday, July 13th.

Insider Activity

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of the stock in a transaction on Friday, May 23rd. The stock was 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 owned 4,346,015 shares in the company, valued at $6,214,801.45. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 38.30% of the stock is owned by insiders.

Hedge Funds Weigh In On PLBY Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLBY. Jones Financial Companies Lllp raised its holdings in shares of PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company's stock worth $36,000 after acquiring an additional 32,263 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of PLBY Group by 15.4% during the 1st quarter. Jane Street Group LLC now owns 90,693 shares of the company's stock worth $100,000 after buying an additional 12,089 shares during the period. Finally, XTX Topco Ltd grew its position in shares of PLBY Group by 192.4% in the second quarter. XTX Topco Ltd now owns 124,310 shares of the company's stock valued at $201,000 after purchasing an additional 81,792 shares during the last quarter. Institutional investors and hedge funds 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.

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