Roth Mkm Cuts PLBY Group (NASDAQ:PLBY) Price Target to $5.00

PLBY Group (NASDAQ:PLBY – Get Rating) had its target price reduced by analysts at Roth Mkm from $7.00 to $5.00 in a report issued on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price objective would suggest a potential upside of 186.53% from the stock’s previous close.

Separately, Chardan Capital reiterated a “buy” rating and issued a $5.00 price objective on shares of PLBY Group in a research note on Monday, February 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.00.

PLBY Group Stock Performance

NASDAQ PLBY opened at $1.75 on Friday. The company has a market cap of $81.25 million, a P/E ratio of -0.25 and a beta of 2.39. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.66 and a quick ratio of 1.23. The stock has a 50-day moving average of $2.57 and a two-hundred day moving average of $3.29. PLBY Group has a 1-year low of $1.63 and a 1-year high of $15.90.

PLBY Group (NASDAQ:PLBY – Get Rating) last released its earnings results on Thursday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The firm had revenue of $68.50 million during the quarter, compared to analyst estimates of $75.65 million. PLBY Group had a negative net margin of 110.70% and a negative return on equity of 8.49%. The business’s revenue was down 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.14) earnings per share. As a group, analysts anticipate that PLBY Group will post -0.46 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On PLBY Group

Institutional investors have recently added to or reduced their stakes in the business. Insight Advisors LLC PA lifted its stake in PLBY Group by 4.0% in the second quarter. Insight Advisors LLC PA now owns 76,139 shares of the company’s stock valued at $528,000 after buying an additional 2,959 shares during the last quarter. Swiss National Bank lifted its stake in PLBY Group by 9.2% in the first quarter. Swiss National Bank now owns 44,100 shares of the company’s stock valued at $577,000 after buying an additional 3,700 shares during the last quarter. FMR LLC lifted its stake in PLBY Group by 89.3% in the second quarter. FMR LLC now owns 8,198 shares of the company’s stock valued at $53,000 after buying an additional 3,867 shares during the last quarter. Alhambra Investment Partners LLC lifted its stake in PLBY Group by 24.3% in the fourth quarter. Alhambra Investment Partners LLC now owns 20,462 shares of the company’s stock valued at $56,000 after buying an additional 4,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PLBY Group by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 75,117 shares of the company’s stock valued at $984,000 after buying an additional 4,164 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

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.