PLBY Group, Inc. (NASDAQ:PLBY – Get Rating) has been given an average rating of "Moderate Buy" by the eight brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.14.
A number of research analysts recently issued reports on PLBY shares. Loop Capital reduced their price objective on PLBY Group from $26.00 to $13.00 in a research report on Monday, May 16th. Stifel Nicolaus lowered PLBY Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $11.00 to $7.00 in a research report on Wednesday, July 20th. Canaccord Genuity Group lowered their price target on PLBY Group from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Thursday, August 11th. Finally, Chardan Capital lowered their target price on PLBY Group from $13.00 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, August 10th.
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Institutional Trading of PLBY Group
Several hedge funds have recently added to or reduced their stakes in PLBY. Penn Capital Management Company LLC raised its stake in shares of PLBY Group by 50.3% in the 2nd quarter. Penn Capital Management Company LLC now owns 260,265 shares of the company's stock valued at $1,666,000 after purchasing an additional 87,136 shares during the period. Cruiser Capital Advisors LLC grew its holdings in PLBY Group by 17.6% during the second quarter. Cruiser Capital Advisors LLC now owns 66,919 shares of the company's stock worth $428,000 after purchasing an additional 10,000 shares during the period. State Street Corp grew its holdings in PLBY Group by 3.2% during the second quarter. State Street Corp now owns 534,549 shares of the company's stock worth $3,421,000 after purchasing an additional 16,624 shares during the period. Wexford Capital LP bought a new position in PLBY Group during the second quarter worth about $331,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of PLBY Group by 181.0% during the second quarter. UBS Asset Management Americas Inc. now owns 34,998 shares of the company's stock worth $224,000 after acquiring an additional 22,542 shares during the period. Institutional investors and hedge funds own 56.77% of the company's stock.
PLBY Group Stock Performance
PLBY Group stock opened at $4.55 on Thursday. The stock's 50-day moving average is $5.93 and its 200-day moving average is $9.13. The company has a market cap of $207.39 million, a price-to-earnings ratio of -2.90 and a beta of 2.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.72 and a quick ratio of 1.23. PLBY Group has a 12 month low of $3.90 and a 12 month high of $43.25.
PLBY Group (NASDAQ:PLBY – Get Rating) last announced its earnings results on Tuesday, August 9th. The company reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). The business had revenue of $65.40 million for the quarter, compared to the consensus estimate of $70.92 million. PLBY Group had a negative return on equity of 12.84% and a negative net margin of 23.74%. The company's revenue was up 30.8% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS. Equities analysts anticipate that PLBY Group will post -0.02 earnings per share for the current year.
PLBY Group Company Profile
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PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as products that enhance sexual experience, lingerie, bedroom accessories, intimates, and adult content; style and apparel products for men and women; gaming and lifestyle products, including digital casino and social games, and other home and hospitality offerings; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.
Further Reading
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