PLBY Group (NASDAQ:PLBY) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of PLBY Group (NASDAQ:PLBY) from a sell rating to a hold rating in a report issued on Saturday.

PLBY Group Trading Down 1.8%

Shares of PLBY opened at $1.64 on Friday. The firm has a market cap of $155.98 million, a P/E ratio of -2.10 and a beta of 2.51. The stock’s 50 day moving average is $1.74 and its two-hundred day moving average is $1.46. PLBY Group has a 12 month low of $0.52 and a 12 month high of $2.44.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). PLBY Group had a negative net margin of 60.96% and a negative return on equity of 1,460.70%. The business had revenue of $28.15 million for the quarter, compared to the consensus estimate of $26.85 million. Equities research analysts forecast that PLBY Group will post -1.01 EPS for the current year.

Institutional Trading of PLBY Group

A number of institutional investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new position in PLBY Group in the 4th quarter valued at $26,000. Jones Financial Companies Lllp grew its holdings in shares of PLBY Group by 7,468.3% during the first quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock worth $36,000 after buying an additional 32,263 shares in the last quarter. Engineers Gate Manager LP grew its holdings in shares of PLBY Group by 57.8% during the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after buying an additional 8,390 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of PLBY Group in the fourth quarter valued at about $41,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of PLBY Group in the second quarter worth about $41,000. 32.46% of the stock is owned by institutional investors and hedge funds.

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.