Weiss Ratings Reiterates "Sell (D-)" Rating for PLBY Group (NASDAQ:PLBY)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for PLBY Group, indicating ongoing concerns about the stock's performance.
• In contrast, Wall Street Zen has upgraded PLBY Group from a "sell" to a "hold" rating, reflecting mixed analyst sentiments.
• PLBY Group's current market prices range from a fifty-two week low of $0.70 to a high of $2.44, with a market cap of $137.91 million.

PLBY Group (NASDAQ:PLBY - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised PLBY Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.00.

PLBY Group Price Performance

Shares of PLBY stock opened at $1.45 on Wednesday. PLBY Group has a fifty-two week low of $0.70 and a fifty-two week high of $2.44. The stock's 50-day moving average is $1.64 and its two-hundred day moving average is $1.47. The firm has a market cap of $137.91 million, a P/E ratio of -1.86 and a beta of 2.47.

PLBY Group (NASDAQ:PLBY - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $28.15 million during the quarter, compared to analyst estimates of $26.85 million. As a group, research analysts expect that PLBY Group will post -1.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PLBY. XTX Topco Ltd raised its stake in shares of PLBY Group by 202.3% in the 1st 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. Sfmg LLC raised its stake in shares of PLBY Group by 12.0% in the 1st quarter. Sfmg LLC now owns 411,000 shares of the company's stock valued at $452,000 after acquiring an additional 44,000 shares in the last quarter. Virtu Financial LLC raised its stake in shares of PLBY Group by 27.4% in the 1st quarter. Virtu Financial LLC now owns 62,705 shares of the company's stock valued at $69,000 after acquiring an additional 13,482 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of PLBY Group in the 1st quarter valued at approximately $247,000. Finally, Jones Financial Companies Lllp raised its stake 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 valued at $36,000 after acquiring an additional 32,263 shares in the last quarter. 32.46% of the stock is owned by institutional investors.

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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