17,797 Shares in PLBY Group, Inc. (NASDAQ:PLBY) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. purchased a new stake in PLBY Group, Inc. (NASDAQ:PLBY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,797 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Crcm LP acquired a new position in shares of PLBY Group during the fourth quarter valued at about $4,489,000. Renaissance Technologies LLC raised its holdings in PLBY Group by 2,004.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company’s stock valued at $387,000 after acquiring an additional 252,526 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of PLBY Group by 29.8% in the 4th quarter. Geode Capital Management LLC now owns 719,299 shares of the company’s stock worth $1,050,000 after acquiring an additional 165,092 shares during the period. Jane Street Group LLC acquired a new stake in shares of PLBY Group during the 4th quarter worth approximately $115,000. Finally, Headlands Technologies LLC bought a new stake in shares of PLBY Group during the fourth quarter valued at approximately $114,000. 32.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLBY shares. Roth Capital upgraded shares of PLBY Group to a “strong-buy” rating in a research note on Friday, January 31st. Roth Mkm began coverage on shares of PLBY Group in a research report on Friday, January 31st. They set a “buy” rating and a $3.00 target price on the stock.

PLBY Group Trading Down 7.1%

Shares of PLBY opened at $1.44 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49. The stock has a market cap of $135.28 million, a PE ratio of -1.50 and a beta of 2.39. PLBY Group, Inc. has a 1 year low of $0.52 and a 1 year high of $2.44. The stock has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.38.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. The firm had revenue of $28.88 million during the quarter, compared to analyst estimates of $26.70 million. On average, sell-side analysts predict that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

PLBY Group Company Profile

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.