PLBY Group Sees Unusually Large Options Volume (NASDAQ:PLBY)

PLBY Group, Inc. (NASDAQ:PLBY) was the target of some unusual options trading on Friday. Stock investors acquired 2,659 call options on the company. This is an increase of 2,317% compared to the average volume of 110 call options.

PLBY Group Price Performance

PLBY stock traded up $0.02 on Friday, reaching $0.78. 180,953 shares of the company were exchanged, compared to its average volume of 499,027. The company has a current ratio of 1.19, a quick ratio of 1.00 and a debt-to-equity ratio of 6.53. PLBY Group has a 12 month low of $0.43 and a 12 month high of $2.01. The stock’s fifty day moving average price is $0.89 and its 200 day moving average price is $0.98.

PLBY Group (NASDAQ:PLBY) last released its earnings results on Thursday, May 9th. The company reported ($0.23) earnings per share for the quarter. PLBY Group had a negative net margin of 124.32% and a negative return on equity of 135.78%. The company had revenue of $28.32 million during the quarter. During the same period in the previous year, the firm posted ($0.52) EPS.

Analyst Upgrades and Downgrades

Separately, Chardan Capital reaffirmed a “buy” rating and issued a $4.00 target price on shares of PLBY Group in a report on Wednesday, May 8th.

Insider Activity at PLBY Group

In other news, CFO Marc Crossman sold 56,235 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $0.87, for a total value of $48,924.45. Following the completion of the sale, the chief financial officer now directly owns 266,667 shares in the company, valued at $232,000.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 193,532 shares of company stock valued at $169,644. Corporate insiders own 29.00% of the company’s stock.

Institutional Trading of PLBY Group

Several institutional investors have recently modified their holdings of PLBY. Kure Advisory LLC bought a new position in PLBY Group in the fourth quarter worth $69,000. P.A.W. Capital Corp raised its stake in shares of PLBY Group by 233.3% in the 4th quarter. P.A.W. Capital Corp now owns 200,000 shares of the company’s stock valued at $200,000 after buying an additional 140,000 shares in the last quarter. Sfmg LLC lifted its holdings in shares of PLBY Group by 65.0% during the 4th quarter. Sfmg LLC now owns 330,000 shares of the company’s stock worth $330,000 after acquiring an additional 130,000 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of PLBY Group by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 2,441,683 shares of the company’s stock worth $2,564,000 after acquiring an additional 95,362 shares during the period. Institutional investors and hedge funds own 32.46% of the company’s stock.

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.