Sfmg LLC Lowers Stake in PLBY Group, Inc. (NASDAQ:PLBY)

Sfmg LLC lowered its position in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 26.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,000 shares of the company’s stock after selling 133,000 shares during the quarter. Sfmg LLC owned 0.39% of PLBY Group worth $536,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PLBY. J2 Capital Management Inc purchased a new position in PLBY Group during the fourth quarter valued at approximately $43,000. Crcm LP purchased a new position in shares of PLBY Group in the fourth quarter worth $4,489,000. Finally, Virtu Financial LLC purchased a new position in shares of PLBY Group in the fourth quarter worth $72,000. Hedge funds and other institutional investors own 32.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLBY. Roth Capital raised shares of PLBY Group to a “strong-buy” rating in a report on Friday, January 31st. Roth Mkm began coverage on shares of PLBY Group in a report on Friday, January 31st. They issued a “buy” rating and a $3.00 target price on the stock.

PLBY Group Price Performance

PLBY Group stock opened at $1.20 on Friday. The company has a market cap of $112.50 million, a price-to-earnings ratio of -1.25 and a beta of 2.32. The firm’s fifty day moving average is $1.65 and its 200 day moving average is $1.28. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49. PLBY Group, Inc. has a 52-week low of $0.52 and a 52-week high of $2.44.

PLBY Group (NASDAQ:PLBY) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The business had revenue of $33.49 million for the quarter, compared to analysts’ expectations of $13.40 million. PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. Sell-side analysts forecast that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

PLBY Group Profile

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.