PLBY Group, Inc. (NASDAQ:PLBY) Receives $28.57 Consensus Target Price from Brokerages

PLBY Group, Inc. (NASDAQ:PLBYGet Rating) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $28.57.

Several brokerages have issued reports on PLBY. Loop Capital dropped their price objective on shares of PLBY Group from $26.00 to $13.00 in a research note on Monday, May 16th. Stifel Nicolaus cut shares of PLBY Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $11.00 to $7.00 in a research note on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $28.00 price target (down from $36.00) on shares of PLBY Group in a research note on Wednesday, April 20th. Finally, Craig Hallum lowered their price target on shares of PLBY Group from $50.00 to $30.00 in a research note on Wednesday, May 11th.

Institutional Trading of PLBY Group

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of PLBY Group by 832.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,646,634 shares of the company’s stock worth $21,554,000 after purchasing an additional 1,469,987 shares in the last quarter. Greenlight Capital Inc. increased its stake in shares of PLBY Group by 100.0% during the 1st quarter. Greenlight Capital Inc. now owns 820,000 shares of the company’s stock worth $10,734,000 after purchasing an additional 410,000 shares in the last quarter. Empyrean Capital Partners LP purchased a new position in shares of PLBY Group during the 1st quarter worth approximately $4,298,000. Davidson Kempner Capital Management LP purchased a new position in shares of PLBY Group during the 4th quarter worth approximately $5,320,000. Finally, Renaissance Technologies LLC purchased a new position in shares of PLBY Group during the 1st quarter worth approximately $2,331,000.

PLBY Group Stock Performance

Shares of PLBY opened at $6.26 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.30. The stock has a market capitalization of $285.33 million, a P/E ratio of -3.84 and a beta of 3.17. The company’s fifty day moving average is $7.85 and its two-hundred day moving average is $12.17. PLBY Group has a 1 year low of $6.01 and a 1 year high of $43.25.

PLBY Group (NASDAQ:PLBYGet Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.18. The company had revenue of $69.40 million for the quarter, compared to analysts’ expectations of $68.52 million. PLBY Group had a negative net margin of 25.31% and a negative return on equity of 11.58%. PLBY Group’s revenue was up 62.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. On average, sell-side analysts predict that PLBY Group will post 0.3 earnings per share for the current year.

About PLBY Group

(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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Analyst Recommendations for PLBY Group (NASDAQ:PLBY)

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