PLBY Group (NASDAQ:PLBY) Shares Down 2% - Time to Sell?

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report)'s share price was down 2% during trading on Monday . The company traded as low as $0.95 and last traded at $0.96. Approximately 374,315 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 1,114,563 shares. The stock had previously closed at $0.98.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PLBY shares. Roth Capital raised shares of PLBY Group to a "strong-buy" rating in a research note on Friday, January 31st. Roth Mkm started coverage on shares of PLBY Group in a research note on Friday, January 31st. They issued a "buy" rating and a $3.00 price objective on the stock.

PLBY Group Stock Down 2.0 %

The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49. The company has a market capitalization of $90.18 million, a price-to-earnings ratio of -1.00 and a beta of 2.40. The firm's 50 day simple moving average is $1.18 and its 200-day simple moving average is $1.35.

PLBY Group (NASDAQ:PLBY - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. The company had revenue of $33.49 million for the quarter, compared to analyst estimates of $13.40 million. On average, sell-side analysts anticipate that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. purchased a new stake in shares of PLBY Group in the 4th quarter worth about $26,000. Tower Research Capital LLC TRC purchased a new stake in shares of PLBY Group in the 4th quarter worth about $41,000. J2 Capital Management Inc purchased a new stake in shares of PLBY Group in the 4th quarter worth about $43,000. Squarepoint Ops LLC purchased a new position in PLBY Group in the 4th quarter valued at about $50,000. Finally, BNP Paribas Financial Markets purchased a new position in PLBY Group in the 4th quarter valued at about $58,000. 32.46% of the stock is owned by institutional investors and hedge funds.

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.

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