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PLBY Group, Inc. (NASDAQ:PLBY – Get Rating) CEO Bernhard L. Kohn III sold 151,617 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $3.27, for a total transaction of $495,787.59. Following the completion of the sale, the chief executive officer now directly owns 1,426,432 shares in the company, valued at $4,664,432.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
PLBY Group Stock Down 8.9 %
NASDAQ:PLBY traded down $0.31 on Monday, hitting $3.23. 1,593,475 shares of the company’s stock were exchanged, compared to its average volume of 1,192,941. The firm has a 50-day moving average price of $3.66 and a 200-day moving average price of $5.09. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.66 and a quick ratio of 1.23. PLBY Group, Inc. has a 52 week low of $2.99 and a 52 week high of $29.98. The company has a market cap of $147.67 million, a P/E ratio of -0.46 and a beta of 2.27.
Analysts Set New Price Targets
Several research firms recently commented on PLBY. Chardan Capital cut their price objective on shares of PLBY Group from $9.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. Craig Hallum cut their price objective on shares of PLBY Group to $5.00 in a research report on Tuesday, November 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.
Institutional Investors Weigh In On PLBY Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its stake in shares of PLBY Group by 5.7% during the 2nd quarter. Advisory Services Network LLC now owns 28,039 shares of the company’s stock worth $179,000 after purchasing an additional 1,509 shares during the last quarter. Scotia Capital Inc. increased its stake in shares of PLBY Group by 3.5% during the 2nd quarter. Scotia Capital Inc. now owns 53,675 shares of the company’s stock worth $344,000 after purchasing an additional 1,804 shares during the last quarter. Cedar Wealth Management LLC increased its stake in shares of PLBY Group by 5.4% during the 1st quarter. Cedar Wealth Management LLC now owns 38,829 shares of the company’s stock worth $508,000 after purchasing an additional 2,004 shares during the last quarter. Insight Advisors LLC PA increased its stake in shares of PLBY Group by 4.0% during the 2nd quarter. Insight Advisors LLC PA now owns 76,139 shares of the company’s stock worth $528,000 after purchasing an additional 2,959 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of PLBY Group by 23.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 16,260 shares of the company’s stock worth $213,000 after purchasing an additional 3,045 shares during the last quarter. 56.77% of the stock is owned by institutional investors.
PLBY Group Company Profile
(Get Rating)
PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as products that enhance sexual experience, lingerie, bedroom accessories, intimates, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.
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