PLBY Group (NASDAQ:PLBY) Posts Earnings Results, Misses Expectations By $0.32 EPS

PLBY Group (NASDAQ:PLBY) posted its earnings results on Tuesday. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.32), Zacks reports. PLBY Group had a negative return on equity of 406.14% and a negative net margin of 66.97%. The business had revenue of $12.86 million for the quarter.

PLBY Group Stock Performance

Shares of PLBY Group stock traded up $0.08 during trading on Friday, reaching $1.19. The company’s stock had a trading volume of 401,715 shares, compared to its average volume of 1,144,246. The company has a quick ratio of 0.70, a current ratio of 1.44 and a debt-to-equity ratio of 12.49. The business’s 50-day moving average price is $0.81 and its 200-day moving average price is $0.81. PLBY Group has a 52 week low of $0.44 and a 52 week high of $1.55. The firm has a market cap of $106.16 million, a PE ratio of -1.17 and a beta of 2.26.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and set a $0.70 target price (down previously from $1.50) on shares of PLBY Group in a research note on Friday, August 9th.

Insiders Place Their Bets

In other news, CEO Bernhard L. Kohn III sold 69,871 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $0.62, for a total transaction of $43,320.02. Following the completion of the sale, the chief executive officer now directly owns 2,740,676 shares in the company, valued at approximately $1,699,219.12. This represents a 2.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 28.80% of the company’s stock.

About PLBY Group

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.