Crcm LP Invests $4.49 Million in PLBY Group, Inc. (NASDAQ:PLBY)

Crcm LP purchased a new position in PLBY Group, Inc. (NASDAQ:PLBY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,074,400 shares of the company's stock, valued at approximately $4,489,000. PLBY Group comprises 1.8% of Crcm LP's investment portfolio, making the stock its 4th largest position. Crcm LP owned about 3.42% of PLBY Group as of its most recent SEC filing.

Separately, J2 Capital Management Inc acquired a new stake in shares of PLBY Group during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 32.46% of the company's stock.

PLBY Group Price Performance

PLBY Group stock traded up $0.01 during trading hours on Friday, hitting $1.22. 904,453 shares of the stock were exchanged, compared to its average volume of 1,118,489. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $114.36 million, a P/E ratio of -1.27 and a beta of 2.32. PLBY Group, Inc. has a 12 month low of $0.52 and a 12 month high of $2.44. The business's 50-day moving average is $1.68 and its two-hundred day moving average is $1.25.

PLBY Group (NASDAQ:PLBY - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The firm had revenue of $33.49 million for the quarter, compared to the consensus estimate of $13.40 million. PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. Equities research analysts expect that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

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Analyst Upgrades and Downgrades

PLBY has been the topic of several recent research reports. Roth Capital upgraded shares of PLBY Group to a "strong-buy" rating in a research report on Friday, January 31st. Roth Mkm initiated coverage on shares of PLBY Group in a research report on Friday, January 31st. They set a "buy" rating and a $3.00 target price on the stock.

About PLBY Group

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.