PLBY Group (NASDAQ:PLBY) CEO Bernhard Kohn III Sells 94,594 Shares

by · The Cerbat Gem

PLBY Group, Inc. (NASDAQ:PLBY – Get Free Report) CEO Bernhard Kohn III sold 94,594 shares of PLBY Group stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $1.50, for a total transaction of $141,891.00. Following the transaction, the chief executive officer owned 6,074,967 shares in the company, valued at approximately $9,112,450.50. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

PLBY Group Stock Down 6.7%

Shares of PLBY stock opened at $1.40 on Thursday. The stock has a market cap of $162.36 million, a P/E ratio of -17.50 and a beta of 1.91. PLBY Group, Inc. has a 52 week low of $1.16 and a 52 week high of $2.75. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 4.59. The company’s fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $1.76.

PLBY Group (NASDAQ:PLBY – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $30.24 million during the quarter, compared to analysts’ expectations of $30.72 million. PLBY Group had a positive return on equity of 21.89% and a negative net margin of 6.21%. Analysts predict that PLBY Group, Inc. will post 0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on PLBY Group

Institutional Trading of PLBY Group

Hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP raised its position in shares of PLBY Group by 16.0% during the 4th quarter. Hudson Bay Capital Management LP now owns 41,033 shares of the company’s stock valued at $77,000 after buying an additional 5,648 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of PLBY Group by 30.4% during the 1st quarter. Kestra Advisory Services LLC now owns 29,897 shares of the company’s stock valued at $45,000 after buying an additional 6,965 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of PLBY Group by 57.8% during the 2nd quarter. Engineers Gate Manager LP now owns 22,895 shares of the company’s stock valued at $37,000 after buying an additional 8,390 shares in the last quarter. Bogart Wealth LLC raised its position in shares of PLBY Group by 66.7% during the 1st quarter. Bogart Wealth LLC now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its position in shares of PLBY Group by 41.7% during the 3rd quarter. Boothbay Fund Management LLC now owns 35,658 shares of the company’s stock valued at $52,000 after buying an additional 10,500 shares in the last quarter. Hedge funds and other institutional investors own 32.46% of the company’s stock.

PLBY Group Company Profile

(Get Free Report)

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.

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