Steward Partners Investment Advisory LLC Buys 1,779 Shares of PLBY Group, Inc. (NASDAQ:PLBY)

Steward Partners Investment Advisory LLC grew its stake in shares of PLBY Group, Inc. (NASDAQ:PLBYGet Rating) by 50.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,325 shares of the company’s stock after acquiring an additional 1,779 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in PLBY Group were worth $70,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northern Trust Corp increased its holdings in shares of PLBY Group by 17.2% during the fourth quarter. Northern Trust Corp now owns 256,744 shares of the company’s stock valued at $6,840,000 after acquiring an additional 37,634 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of PLBY Group during the fourth quarter valued at $5,320,000. Forager Funds Management Pty Ltd purchased a new position in PLBY Group in the fourth quarter worth about $4,640,000. P.A.W. Capital Corp lifted its position in shares of PLBY Group by 50.0% during the 1st quarter. P.A.W. Capital Corp now owns 90,000 shares of the company’s stock valued at $1,178,000 after buying an additional 30,000 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of PLBY Group by 37.9% during the 4th quarter. Raymond James & Associates now owns 87,788 shares of the company’s stock valued at $2,339,000 after buying an additional 24,132 shares in the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on PLBY shares. Chardan Capital decreased their target price on PLBY Group from $21.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday. Loop Capital reduced their price target 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 reduced their target price for the company from $11.00 to $7.00 in a research report on Wednesday, July 20th. Craig Hallum cut their price objective on PLBY Group from $50.00 to $30.00 in a report on Wednesday, May 11th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $28.00 target price (down previously from $36.00) on shares of PLBY Group in a research note on Wednesday, April 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.38.

PLBY Group Stock Up 1.9 %

PLBY opened at $6.98 on Thursday. The stock has a market capitalization of $318.18 million, a P/E ratio of -4.28 and a beta of 2.74. PLBY Group, Inc. has a one year low of $5.76 and a one year high of $43.25. The business’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $11.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.84 and a current ratio of 1.30.

PLBY Group (NASDAQ:PLBYGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.18. PLBY Group had a negative return on equity of 11.58% and a negative net margin of 25.31%. The business had revenue of $69.40 million for the quarter, compared to analyst estimates of $68.52 million. During the same quarter in the previous year, the company earned $0.03 EPS. The company’s quarterly revenue was up 62.5% on a year-over-year basis. Analysts anticipate that PLBY Group, Inc. will post 0.24 EPS 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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Institutional Ownership by Quarter for PLBY Group (NASDAQ:PLBY)

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