Traders Buy High Volume of PLBY Group Call Options (NASDAQ:PLBY)

PLBY Group, Inc. (NASDAQ:PLBY) saw unusually large options trading on Thursday. Traders purchased 19,707 call options on the stock. This is an increase of 8,659% compared to the average volume of 225 call options.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLBY. Wall Street Zen upgraded PLBY Group from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings restated a “sell (d-)” rating on shares of PLBY Group in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PLBY Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.00.

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of PLBY Group by 7,468.3% during the 1st quarter. Jones Financial Companies Lllp now owns 32,695 shares of the company’s stock valued at $36,000 after buying an additional 32,263 shares in the last quarter. Engineers Gate Manager LP lifted its position in PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after acquiring an additional 8,390 shares during the period. Boothbay Fund Management LLC bought a new stake in PLBY Group during the second quarter worth about $41,000. XTX Topco Ltd grew its holdings in PLBY Group by 202.3% in the first quarter. XTX Topco Ltd now owns 42,518 shares of the company’s stock worth $47,000 after purchasing an additional 28,453 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of PLBY Group by 42.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 30,760 shares of the company’s stock valued at $50,000 after purchasing an additional 9,160 shares in the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

PLBY Group Stock Performance

PLBY Group stock opened at $1.66 on Friday. PLBY Group has a fifty-two week low of $0.90 and a fifty-two week high of $2.44. The stock’s 50 day simple moving average is $1.47 and its two-hundred day simple moving average is $1.54. The stock has a market cap of $157.88 million, a price-to-earnings ratio of -5.03 and a beta of 2.46.

PLBY Group (NASDAQ:PLBY) last released its earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $28.99 million during the quarter, compared to analysts’ expectations of $29.51 million. On average, analysts predict that PLBY Group will post -1.01 earnings per share for the current 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.