PLBY Group (NASDAQ:PLBY) Releases Earnings Results, Meets Expectations

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 data on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04), Zacks reports. PLBY Group had a negative net margin of 60.96% and a negative return on equity of 1,460.70%. The company had revenue of $28.15 million during the quarter, compared to analysts' expectations of $26.85 million.

PLBY Group Stock Performance

Shares of NASDAQ:PLBY traded down $0.02 during midday trading on Friday, hitting $1.71. 229,935 shares of the company's stock traded hands, compared to its average volume of 374,592. The company has a market cap of $162.63 million, a PE ratio of -2.19 and a beta of 2.51. The firm's fifty day moving average price is $1.70 and its two-hundred day moving average price is $1.48. PLBY Group has a twelve month low of $0.52 and a twelve month high of $2.44.

Analyst Ratings Changes

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

Insider Buying and Selling at PLBY Group

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of PLBY Group stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1.43, for a total transaction of $39,182.00. Following the transaction, the chief executive officer owned 4,346,015 shares in the company, valued at approximately $6,214,801.45. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 38.30% of the company's stock.

Hedge Funds Weigh In On PLBY Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in 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 in the last quarter. Engineers Gate Manager LP lifted its holdings in PLBY Group by 57.8% in the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company's stock worth $37,000 after buying an additional 8,390 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in PLBY Group in the 2nd quarter worth $41,000. Jane Street Group LLC lifted its holdings in PLBY Group by 15.4% in 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 in the last quarter. Finally, XTX Topco Ltd lifted its holdings in PLBY Group by 192.4% in the 2nd quarter. XTX Topco Ltd now owns 124,310 shares of the company's stock worth $201,000 after buying an additional 81,792 shares in 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.