PLBY Group (NASDAQ:PLBY) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS

PLBY Group (NASDAQ:PLBY – Get Rating) posted its earnings results on Thursday. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.09), Briefing.com reports. PLBY Group had a negative net margin of 110.70% and a negative return on equity of 8.49%. The company had revenue of $68.50 million during the quarter, compared to analyst estimates of $75.65 million. During the same quarter last year, the business posted ($1.14) EPS. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis.

PLBY Group Stock Performance

NASDAQ:PLBY opened at $1.96 on Friday. The company has a fifty day simple moving average of $2.59 and a two-hundred day simple moving average of $3.32. The company has a market cap of $91.26 million, a price-to-earnings ratio of -0.28 and a beta of 2.39. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.43. PLBY Group has a 52 week low of $1.84 and a 52 week high of $15.90.

Wall Street Analyst Weigh In

Separately, Chardan Capital restated a “buy” rating and issued a $5.00 price target on shares of PLBY Group in a research note on Monday, February 13th.

Insiders Place Their Bets

In related news, CEO Bernhard L. Kohn III sold 151,617 shares of the business’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $3.27, for a total transaction of $495,787.59. Following the completion of the transaction, the chief executive officer now owns 1,426,432 shares in the company, valued at $4,664,432.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 30.00% of the company’s stock.

Hedge Funds Weigh In On PLBY Group

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in shares of PLBY Group by 89.3% during the second quarter. FMR LLC now owns 8,198 shares of the company’s stock worth $53,000 after purchasing an additional 3,867 shares in the last quarter. Pathstone Family Office LLC acquired a new position in shares of PLBY Group during the third quarter worth $42,000. MetLife Investment Management LLC grew its stake in shares of PLBY Group by 55.4% during the first quarter. MetLife Investment Management LLC now owns 17,138 shares of the company’s stock worth $224,000 after purchasing an additional 6,111 shares in the last quarter. Deutsche Bank AG lifted its position in PLBY Group by 53.1% in the fourth quarter. Deutsche Bank AG now owns 17,867 shares of the company’s stock valued at $49,000 after acquiring an additional 6,195 shares during the last quarter. Finally, American International Group Inc. lifted its position in PLBY Group by 32.8% in the fourth quarter. American International Group Inc. now owns 19,611 shares of the company’s stock valued at $54,000 after acquiring an additional 4,841 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

About PLBY Group

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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.