PLBY Group Sees Unusually Large Options Volume (NASDAQ:PLBY)

PLBY Group, Inc. (NASDAQ:PLBYGet Free Report) saw unusually large options trading on Friday. Traders purchased 2,659 call options on the stock. This represents an increase of 2,317% compared to the typical daily volume of 110 call options.

Insider Buying and Selling

In related news, CFO Marc Crossman sold 77,098 shares of PLBY Group stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $0.88, for a total value of $67,846.24. Following the sale, the chief financial officer now directly owns 322,902 shares in the company, valued at approximately $284,153.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 193,532 shares of company stock worth $169,644. Insiders own 29.00% of the company’s stock.

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently modified their holdings of the company. Kure Advisory LLC acquired a new position in PLBY Group in the fourth quarter valued at $69,000. P.A.W. Capital Corp boosted its stake in shares of PLBY Group by 233.3% during the fourth quarter. P.A.W. Capital Corp now owns 200,000 shares of the company’s stock worth $200,000 after buying an additional 140,000 shares during the period. Sfmg LLC boosted its stake in shares of PLBY Group by 65.0% during the fourth quarter. Sfmg LLC now owns 330,000 shares of the company’s stock worth $330,000 after buying an additional 130,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in PLBY Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 2,441,683 shares of the company’s stock worth $2,564,000 after purchasing an additional 95,362 shares in the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Chardan Capital restated a “buy” rating and set a $4.00 target price on shares of PLBY Group in a report on Wednesday, May 8th.

Read Our Latest Report on PLBY Group

PLBY Group Stock Up 6.3 %

Shares of NASDAQ PLBY opened at $0.80 on Friday. The firm has a market cap of $58.25 million, a price-to-earnings ratio of -0.35 and a beta of 2.40. The company has a quick ratio of 1.00, a current ratio of 1.19 and a debt-to-equity ratio of 6.53. PLBY Group has a 52-week low of $0.43 and a 52-week high of $2.01. The business’s 50 day moving average is $0.89 and its two-hundred day moving average is $0.99.

PLBY Group (NASDAQ:PLBYGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.23) earnings per share for the quarter. PLBY Group had a negative return on equity of 135.78% and a negative net margin of 124.32%. The company had revenue of $28.32 million for the quarter. During the same quarter in the prior year, the company earned ($0.52) earnings per share.

About PLBY Group

(Get Free Report)

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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