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

Key Points

• PLBY Group has received an upgrade in its stock rating from a "sell" to a "hold" by analysts at Wall Street Zen.
• The company's shares have decreased by 1.8%, with a current trading price around $1.64, showing significant volatility over the past year.
• PLBY Group reported a negative net margin of 60.96% and a negative return on equity of 1,460.70%, indicating financial challenges despite achieving revenue close to analyst estimates.

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 report released on Saturday.

PLBY Group Stock Performance

Shares of PLBY Group stock traded down $0.02 during trading hours on Friday, reaching $1.64. The company's stock had a trading volume of 21,413 shares, compared to its average volume of 528,654. The company's 50 day simple moving average is $1.74 and its 200 day simple moving average is $1.45. PLBY Group has a one year low of $0.54 and a one year high of $2.44. The stock has a market cap of $155.50 million, a P/E ratio of -2.10 and a beta of 2.50.

PLBY Group (NASDAQ:PLBY - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.04) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.04). PLBY Group had a negative net margin of 60.96% and a negative return on equity of 1,460.70%. The business had revenue of $28.15 million for the quarter, compared to analysts' expectations of $26.85 million. On average, sell-side analysts predict that PLBY Group will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of PLBY Group

A number of large investors have recently modified their holdings of PLBY. Renaissance Technologies LLC increased its holdings in shares of PLBY Group by 2,004.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company's stock worth $387,000 after acquiring an additional 252,526 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of PLBY Group in the 1st quarter worth about $247,000. Millennium Management LLC acquired a new stake in shares of PLBY Group in the 4th quarter worth about $281,000. XTX Topco Ltd increased its holdings in shares of 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 acquiring an additional 81,792 shares during the period. Finally, Jane Street Group LLC acquired a new position in PLBY Group during the 4th quarter valued at about $115,000. 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.