PLBY Group (NASDAQ:PLBY) Trading Up 0.5% – Time to Buy?

PLBY Group, Inc. (NASDAQ:PLBY) shares rose 0.5% during mid-day trading on Wednesday . The company traded as high as $1.86 and last traded at $1.83. Approximately 329,868 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 345,158 shares. The stock had previously closed at $1.82.

Analysts Set New Price Targets

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 Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3.00.

PLBY Group Stock Performance

The company has a current ratio of 0.92, a quick ratio of 0.78 and a debt-to-equity ratio of 46.45. The firm’s fifty day moving average price is $1.87 and its 200 day moving average price is $1.70. The firm has a market capitalization of $197.20 million, a PE ratio of -5.55 and a beta of 2.62.

PLBY Group (NASDAQ:PLBY) last issued 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, research analysts anticipate that PLBY Group, Inc. will post -1.01 earnings per share for the current year.

Insider Activity at PLBY Group

In related news, Director Tracey E. Edmonds sold 75,000 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $1.65, for a total value of $123,750.00. Following the transaction, the director owned 215,010 shares in the company, valued at approximately $354,766.50. This represents a 25.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 38.30% of the company’s stock.

Institutional Trading of PLBY Group

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its stake 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 worth $36,000 after purchasing an additional 32,263 shares during the last quarter. Engineers Gate Manager LP boosted 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 in the last quarter. Boothbay Fund Management LLC bought a new stake in PLBY Group in the second quarter worth $41,000. Patriot Financial Group Insurance Agency LLC increased its position in 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 worth $50,000 after buying an additional 9,160 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in PLBY Group during the third quarter valued at about $52,000. 32.46% of the stock is currently owned by institutional investors and hedge funds.

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.