Walleye Capital LLC Acquires Shares of 36,899 PLBY Group, Inc. (NASDAQ:PLBY)

Walleye Capital LLC acquired a new stake in PLBY Group, Inc. (NASDAQ:PLBYGet Rating) during the first quarter, Holdings Channel reports. The fund acquired 36,899 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLBY. Steward Partners Investment Advisory LLC lifted its holdings in PLBY Group by 50.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 5,325 shares of the company’s stock valued at $70,000 after purchasing an additional 1,779 shares in the last quarter. Eidelman Virant Capital lifted its holdings in PLBY Group by 10.0% in the 1st quarter. Eidelman Virant Capital now owns 11,000 shares of the company’s stock valued at $143,000 after purchasing an additional 1,000 shares in the last quarter. Focused Wealth Management Inc lifted its holdings in PLBY Group by 15,714.3% in the 1st quarter. Focused Wealth Management Inc now owns 11,070 shares of the company’s stock valued at $145,000 after purchasing an additional 11,000 shares in the last quarter. Nkcfo LLC purchased a new position in PLBY Group in the 1st quarter valued at $157,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in PLBY Group by 23.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 13,000 shares of the company’s stock valued at $170,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 56.77% of the company’s stock.

PLBY Group Stock Up 0.2 %

Shares of NASDAQ:PLBY opened at $4.13 on Friday. The business has a 50-day moving average price of $5.33 and a 200 day moving average price of $8.43. The company has a current ratio of 1.72, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $188.26 million, a price-to-earnings ratio of -2.63 and a beta of 2.91. PLBY Group, Inc. has a 12-month low of $3.90 and a 12-month high of $43.25.

PLBY Group (NASDAQ:PLBYGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm had revenue of $65.40 million during the quarter, compared to the consensus estimate of $70.92 million. PLBY Group had a negative return on equity of 12.84% and a negative net margin of 23.74%. The company’s quarterly revenue was up 30.8% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. Sell-side analysts expect that PLBY Group, Inc. will post -0.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Canaccord Genuity Group reduced their price target on PLBY Group from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Chardan Capital reduced their price target on PLBY Group from $13.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Finally, Stifel Nicolaus lowered PLBY Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $11.00 to $7.00 in a report on Wednesday, July 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.14.

About PLBY Group

(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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Institutional Ownership by Quarter for PLBY Group (NASDAQ:PLBY)

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