Insider Selling: PLBY Group, Inc. (NASDAQ:PLBY) CEO Sells 71,323 Shares of Stock

PLBY Group, Inc. (NASDAQ:PLBY) CEO Bernhard L. Kohn III sold 71,323 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $0.56, for a total transaction of $39,940.88. Following the completion of the sale, the chief executive officer now directly owns 2,590,023 shares of the company’s stock, valued at $1,450,412.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

PLBY Group Stock Up 8.2 %

NASDAQ PLBY traded up $0.04 during trading hours on Wednesday, reaching $0.59. 355,958 shares of the company’s stock traded hands, compared to its average volume of 479,565. PLBY Group, Inc. has a 52-week low of $0.43 and a 52-week high of $1.55. The firm has a market cap of $43.17 million, a PE ratio of -0.26 and a beta of 2.40. The firm has a 50-day simple moving average of $0.77 and a 200 day simple moving average of $0.91. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.19 and a quick ratio of 1.00.

PLBY Group (NASDAQ:PLBY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.10). PLBY Group had a negative net margin of 124.32% and a negative return on equity of 135.78%. The business had revenue of $24.89 million for the quarter.

Institutional Trading of PLBY Group

An institutional investor recently raised its position in PLBY Group stock. Vanguard Group Inc. lifted its stake in PLBY Group, Inc. (NASDAQ:PLBY) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,441,683 shares of the company’s stock after acquiring an additional 95,362 shares during the quarter. Vanguard Group Inc. owned 3.35% of PLBY Group worth $2,564,000 as of its most recent filing with the Securities & Exchange Commission. 32.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PLBY shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $0.70 target price (down from $1.50) on shares of PLBY Group in a research report on Friday, August 9th. Chardan Capital reaffirmed a “buy” rating and issued a $4.00 target price on shares of PLBY Group in a research report on Wednesday, May 8th.

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.