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PLBY Group, Inc. (NASDAQ:PLBY) Receives Average Recommendation of "Moderate Buy" From Analysts

Defense World ·  Oct 3, 2022 06:11

Shares of PLBY Group, Inc. (NASDAQ:PLBY – Get Rating) have been assigned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.14.

Several brokerages have recently issued reports on PLBY. Canaccord Genuity Group decreased their price target on shares of PLBY Group from $18.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, August 11th. Chardan Capital decreased their price target on shares of PLBY Group from $13.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, August 10th. Finally, Stifel Nicolaus lowered shares of PLBY Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $11.00 to $7.00 in a research note on Wednesday, July 20th.

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Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Eidelman Virant Capital grew its stake in PLBY Group by 10.0% in the 1st quarter. Eidelman Virant Capital now owns 11,000 shares of the company's stock valued at $143,000 after buying an additional 1,000 shares in the last quarter. Advisory Services Network LLC grew its stake in PLBY Group by 5.7% in the 2nd quarter. Advisory Services Network LLC now owns 28,039 shares of the company's stock valued at $179,000 after buying an additional 1,509 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in PLBY Group by 50.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,325 shares of the company's stock valued at $70,000 after purchasing an additional 1,779 shares during the period. Scotia Capital Inc. boosted its holdings in PLBY Group by 3.5% in the 2nd quarter. Scotia Capital Inc. now owns 53,675 shares of the company's stock valued at $344,000 after purchasing an additional 1,804 shares during the period. Finally, Cedar Wealth Management LLC boosted its holdings in PLBY Group by 5.4% in the 1st quarter. Cedar Wealth Management LLC now owns 38,829 shares of the company's stock valued at $508,000 after purchasing an additional 2,004 shares during the period. 56.77% of the stock is currently owned by hedge funds and other institutional investors.

PLBY Group Price Performance

PLBY Group stock opened at $4.03 on Monday. PLBY Group has a 52 week low of $3.67 and a 52 week high of $43.25. The company's 50 day moving average price is $5.01 and its two-hundred day moving average price is $7.89. The company has a quick ratio of 1.23, a current ratio of 1.72 and a debt-to-equity ratio of 0.54. The stock has a market cap of $183.70 million, a P/E ratio of -2.57 and a beta of 2.64.

PLBY Group (NASDAQ:PLBY – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). PLBY Group had a negative net margin of 23.74% and a negative return on equity of 12.84%. The firm had revenue of $65.40 million for the quarter, compared to analysts' expectations of $70.92 million. During the same quarter last year, the firm earned ($0.04) EPS. The company's quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities analysts predict that PLBY Group will post -0.23 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.

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