Craig Hallum Lowers PLBY Group (NASDAQ:PLBY) Price Target to $30.00

PLBY Group (NASDAQ:PLBYGet Rating) had its target price decreased by Craig Hallum from $50.00 to $30.00 in a research note issued to investors on Wednesday morning, The Fly reports.

PLBY has been the topic of a number of other reports. Chardan Capital reduced their price target on shares of PLBY Group from $49.00 to $39.00 and set a buy rating on the stock in a research note on Wednesday, March 2nd. Canaccord Genuity Group reduced their price target on shares of PLBY Group from $47.00 to $36.00 in a research note on Wednesday, March 2nd. Canaccord Genuity Group restated a buy rating and issued a $28.00 price target (down from $36.00) on shares of PLBY Group in a research note on Wednesday, April 20th. Zacks Investment Research upgraded shares of PLBY Group from a strong sell rating to a hold rating in a research note on Wednesday, May 4th. Finally, Roth Capital reiterated a buy rating on shares of PLBY Group in a research report on Wednesday, March 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, PLBY Group currently has an average rating of Buy and a consensus price target of $37.22.

PLBY stock opened at $8.94 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.30 and a quick ratio of 0.84. PLBY Group has a 12 month low of $7.07 and a 12 month high of $55.50. The company’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $20.59.

PLBY Group (NASDAQ:PLBYGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.17. PLBY Group had a negative net margin of 25.31% and a negative return on equity of 11.58%. The firm had revenue of $69.40 million for the quarter, compared to analyst estimates of $68.52 million. During the same period last year, the firm earned $0.03 EPS. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, sell-side analysts expect that PLBY Group will post 0.31 EPS for the current fiscal year.

In other news, General Counsel Christopher Riley sold 22,000 shares of PLBY Group stock in a transaction on Friday, March 18th. The shares were sold at an average price of $15.63, for a total value of $343,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tracey E. Edmonds sold 14,993 shares of PLBY Group stock in a transaction on Friday, March 25th. The shares were sold at an average price of $14.48, for a total transaction of $217,098.64. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 54,280 shares of company stock valued at $833,171 and have sold 321,059 shares valued at $4,885,721.

Several large investors have recently added to or reduced their stakes in PLBY. JPMorgan Chase & Co. increased its stake in shares of PLBY Group by 832.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,646,634 shares of the company’s stock valued at $21,554,000 after acquiring an additional 1,469,987 shares in the last quarter. BlackRock Inc. increased its stake in shares of PLBY Group by 67.0% in the 3rd quarter. BlackRock Inc. now owns 1,398,054 shares of the company’s stock valued at $32,952,000 after acquiring an additional 560,801 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in PLBY Group by 696.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 258,404 shares of the company’s stock valued at $6,091,000 after purchasing an additional 225,970 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in PLBY Group during the 4th quarter valued at $5,320,000. Finally, Renaissance Technologies LLC bought a new stake in PLBY Group during the 1st quarter valued at $2,331,000.

PLBY Group Company Profile (Get Rating)

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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