PLBY Group (NASDAQ:PLBY) Trading Down 2.5% – Here’s What Happened

PLBY Group, Inc. (NASDAQ:PLBY) shares dropped 2.5% during mid-day trading on Friday . The stock traded as low as $1.50 and last traded at $1.55. Approximately 655,084 shares were traded during trading, a decline of 17% from the average daily volume of 793,352 shares. The stock had previously closed at $1.59.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Roth Capital upgraded PLBY Group to a “strong-buy” rating in a report on Friday, January 31st. Roth Mkm started coverage on shares of PLBY Group in a report on Friday, January 31st. They issued a “buy” rating and a $3.00 price objective for the company.

PLBY Group Stock Down 2.5 %

The company has a market capitalization of $145.29 million, a P/E ratio of -1.61 and a beta of 2.28. The company has a 50-day moving average of $1.72 and a two-hundred day moving average of $1.21. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Sfmg LLC grew its holdings in PLBY Group by 21.7% in the third quarter. Sfmg LLC now owns 500,000 shares of the company’s stock worth $379,000 after purchasing an additional 89,000 shares during the period. J2 Capital Management Inc purchased a new stake in shares of PLBY Group in the 4th quarter worth approximately $43,000. Squarepoint Ops LLC bought a new position in PLBY Group during the 4th quarter valued at approximately $50,000. Jane Street Group LLC purchased a new position in PLBY Group during the fourth quarter valued at $115,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of PLBY Group in the fourth quarter worth $58,000. 32.46% of the stock is owned by hedge funds and other institutional investors.

PLBY Group Company 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.