Insider Selling: PLBY Group (NASDAQ:PLBY) General Counsel Sells $16,227.12 in Stock

PLBY Group, Inc. (NASDAQ:PLBY) General Counsel Christopher Riley sold 8,916 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $1.82, for a total value of $16,227.12. Following the transaction, the general counsel directly owned 1,870,249 shares in the company, valued at $3,403,853.18. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Performance

Shares of PLBY opened at $1.83 on Monday. The stock’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $1.74. The firm has a market capitalization of $210.19 million, a PE ratio of -12.20 and a beta of 2.51. The company has a quick ratio of 0.82, a current ratio of 1.03 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 data on Monday, March 16th. The company reported $0.03 EPS for the quarter, meeting 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, research analysts predict that PLBY Group, Inc. will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On PLBY Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fortress Investment Group LLC increased its holdings in PLBY Group by 183.6% in the third quarter. Fortress Investment Group LLC now owns 16,589,531 shares of the company’s stock valued at $24,387,000 after purchasing an additional 10,740,578 shares during the last quarter. Crcm LP increased its holdings in PLBY Group by 105.4% in the third quarter. Crcm LP now owns 1,451,156 shares of the company’s stock valued at $2,133,000 after purchasing an additional 744,536 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of PLBY Group in the fourth quarter worth about $60,000. Bbfit Investments PTE Ltd. bought a new stake in shares of PLBY Group in the fourth quarter worth about $2,297,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of PLBY Group in the third quarter worth about $56,000. Institutional investors own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLBY Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, PLBY Group currently has a consensus rating of “Sell”.

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.