PLBY Group (NASDAQ:PLBY) Stock Price Down 2.5% - Here's Why

PLBY Group, Inc. (NASDAQ:PLBY - Get Free Report)'s share price traded down 2.5% during mid-day trading on Friday . The company traded as low as $1.50 and last traded at $1.55. 655,084 shares were traded during mid-day trading, a decline of 17% from the average session volume of 793,352 shares. The stock had previously closed at $1.59.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLBY. Roth Mkm initiated coverage on shares of PLBY Group in a report on Friday, January 31st. They issued a "buy" rating and a $3.00 price objective on the stock. Roth Capital raised PLBY Group to a "strong-buy" rating in a report on Friday, January 31st.

PLBY Group Price Performance

The firm's 50 day simple moving average is $1.71 and its 200-day simple moving average is $1.23. The company has a market cap of $126.54 million, a price-to-earnings ratio of -1.41 and a beta of 2.28. The company has a debt-to-equity ratio of 12.49, a current ratio of 1.44 and a quick ratio of 1.44.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in shares of PLBY Group during the fourth quarter worth approximately $50,000. Millennium Management LLC acquired a new position in PLBY Group in the fourth quarter valued at $281,000. Balyasny Asset Management L.P. purchased a new stake in shares of PLBY Group in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets acquired a new stake in shares of PLBY Group during the fourth quarter worth about $58,000. Finally, Jane Street Group LLC purchased a new position in shares of PLBY Group during the fourth quarter worth about $115,000. Institutional investors and hedge funds own 32.46% of the company's stock.

Remove Ads

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.