Insider Selling: PLBY Group (NASDAQ:PLBY) CEO Sells $33,858.66 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard Kohn III sold 18,502 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $1.83, for a total transaction of $33,858.66. Following the transaction, the chief executive officer directly owned 6,245,045 shares of the company’s stock, valued at approximately $11,428,432.35. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Performance

Shares of NASDAQ:PLBY opened at $1.83 on Monday. The company has a market cap of $210.19 million, a price-to-earnings ratio of -12.20 and a beta of 2.51. The company has a 50-day moving average price of $1.77 and a 200-day moving average price of $1.74. The company has a current ratio of 1.03, a quick ratio of 0.82 and a debt-to-equity ratio of 9.40. PLBY Group, Inc. has a 12 month low of $0.93 and a 12 month high of $2.75.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results on Monday, March 16th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $34.91 million during the quarter, compared to the consensus estimate of $33.52 million. As a group, equities analysts anticipate that PLBY Group, Inc. will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On PLBY Group

A number of institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP raised its stake in PLBY Group by 16.0% in the fourth quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock worth $77,000 after buying an additional 5,648 shares in the last quarter. Engineers Gate Manager LP grew its holdings in PLBY Group by 57.8% in the second quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock worth $37,000 after purchasing an additional 8,390 shares during the period. Boothbay Fund Management LLC grew its holdings in PLBY Group by 41.7% in the third quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock worth $52,000 after purchasing an additional 10,500 shares during the period. Jane Street Group LLC grew its holdings in PLBY Group by 15.4% in the first quarter. Jane Street Group LLC now owns 90,693 shares of the company’s stock worth $100,000 after purchasing an additional 12,089 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in PLBY Group by 136.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 25,366 shares of the company’s stock worth $39,000 after purchasing an additional 14,641 shares during the period. 32.46% of the stock is owned by institutional investors.

About PLBY Group

PLBY Group, Inc is a global media and lifestyle company best known for its iconic Playboy brand. The company operates across multiple business segments, including consumer products, licensing, subscription commerce, sexual wellness and digital offerings. Through its diversified portfolio, PLBY Group brings its signature aesthetic and brand heritage to categories such as apparel, accessories, gaming, beverages, home goods and intimate lifestyle products.

In the consumer products segment, PLBY Group designs and markets a range of branded goods under licensing agreements with major retailers and distributors worldwide.