Cambridge Investment Research Advisors Inc. Purchases 35,179 Shares of PLBY Group, Inc. (NASDAQ:PLBY)

Cambridge Investment Research Advisors Inc. grew its position in PLBY Group, Inc. (NASDAQ:PLBYGet Rating) by 41.4% in the first quarter, HoldingsChannel.com reports. The firm owned 120,108 shares of the company’s stock after acquiring an additional 35,179 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in PLBY Group were worth $1,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PLBY. JPMorgan Chase & Co. lifted its holdings in shares of PLBY Group by 832.2% in the first quarter. JPMorgan Chase & Co. now owns 1,646,634 shares of the company’s stock worth $21,554,000 after buying an additional 1,469,987 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new position in shares of PLBY Group in the fourth quarter worth $5,320,000. Forager Funds Management Pty Ltd purchased a new position in shares of PLBY Group in the fourth quarter worth $4,640,000. Wexford Capital LP purchased a new position in shares of PLBY Group in the fourth quarter worth $1,911,000. Finally, Bank of Montreal Can lifted its holdings in shares of PLBY Group by 386.8% in the fourth quarter. Bank of Montreal Can now owns 61,994 shares of the company’s stock worth $1,658,000 after buying an additional 49,260 shares in the last quarter. 56.77% of the stock is currently owned by institutional investors.

PLBY Group Trading Down 6.7 %

PLBY stock opened at $4.02 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. PLBY Group, Inc. has a twelve month low of $4.01 and a twelve month high of $43.25. The firm’s fifty day simple moving average is $6.30 and its two-hundred day simple moving average is $9.67.

PLBY Group (NASDAQ:PLBYGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). PLBY Group had a negative net margin of 23.74% and a negative return on equity of 12.84%. The business had revenue of $65.40 million for the quarter, compared to analysts’ expectations of $70.92 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. The business’s revenue was up 30.8% compared to the same quarter last year. Analysts predict that PLBY Group, Inc. will post -0.02 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on PLBY. Loop Capital lowered their target price on shares of PLBY Group from $26.00 to $13.00 in a report on Monday, May 16th. Craig Hallum decreased their price target on shares of PLBY Group from $50.00 to $30.00 in a research note on Wednesday, May 11th. Canaccord Genuity Group decreased their price target on shares of PLBY Group from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Stifel Nicolaus downgraded shares of PLBY Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $11.00 to $7.00 in a research note on Wednesday, July 20th. Finally, Chardan Capital decreased their price target on shares of PLBY Group from $13.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, PLBY Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.14.

PLBY Group 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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