PLBY Group (NASDAQ:PLBY) Stock Price Down 2.8% – Should You Sell?

PLBY Group, Inc. (NASDAQ:PLBY) shares traded down 2.8% during trading on Monday . The company traded as low as $1.96 and last traded at $2.05. 553,335 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 1,896,235 shares. The stock had previously closed at $2.11.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PLBY Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, PLBY Group has a consensus rating of “Sell”.

PLBY Group Stock Down 2.8%

The company has a debt-to-equity ratio of 46.45, a quick ratio of 0.78 and a current ratio of 0.92. The stock’s 50 day moving average price is $1.86 and its 200-day moving average price is $1.70. The company has a market cap of $220.91 million, a PE ratio of -6.21 and a beta of 2.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP increased its holdings in shares of 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 buying an additional 8,390 shares during the period. Boothbay Fund Management LLC bought a new position in PLBY Group during the 2nd quarter worth approximately $41,000. Balyasny Asset Management L.P. purchased a new position in PLBY Group in the 4th quarter worth approximately $60,000. Jones Financial Companies Lllp increased its stake in PLBY Group by 7,468.3% in 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 period. Finally, Quadrature Capital Ltd bought a new stake in PLBY Group in the second quarter valued at approximately $54,000. 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.