PLBY Group, Inc. (NASDAQ:PLBY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of PLBY Group, Inc. (NASDAQ:PLBYGet Rating) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.00.

Several brokerages have weighed in on PLBY. Chardan Capital dropped their target price on 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 dropped their price objective on shares of PLBY Group to $5.00 in a report on Tuesday, November 15th. Finally, Canaccord Genuity Group reduced their target price on shares of PLBY Group from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, August 11th.

PLBY Group Trading Up 5.2 %

NASDAQ PLBY opened at $3.66 on Tuesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 1.66. The company has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $5.83. PLBY Group has a one year low of $2.99 and a one year high of $41.09. The firm has a market capitalization of $167.59 million, a PE ratio of -0.52 and a beta of 2.34.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLBY. Advisory Services Network LLC raised its position in shares of PLBY Group by 5.7% during the second 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 period. Steward Partners Investment Advisory LLC raised its position in PLBY Group by 50.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 5,325 shares of the company’s stock valued at $70,000 after buying an additional 1,779 shares during the period. Scotia Capital Inc. lifted its stake in PLBY Group by 3.5% in the 2nd quarter. Scotia Capital Inc. now owns 53,675 shares of the company’s stock worth $344,000 after acquiring an additional 1,804 shares in the last quarter. Cedar Wealth Management LLC boosted its position in 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 acquiring an additional 2,004 shares during the period. Finally, Insight Advisors LLC PA grew its stake in PLBY Group by 4.0% during the 2nd quarter. Insight Advisors LLC PA now owns 76,139 shares of the company’s stock valued at $528,000 after acquiring an additional 2,959 shares in the last quarter. Institutional investors and hedge funds own 56.77% of the company’s stock.

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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