PLBY Group (NASDAQ:PLBY) Shares Down 2.5% – What’s Next?

PLBY Group, Inc. (NASDAQ:PLBY)’s stock price dropped 2.5% on Friday . The company 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 Analyst Weigh In

PLBY has been the topic of a number of research reports. Roth Mkm initiated coverage on shares of PLBY Group in a report on Friday, January 31st. They set a “buy” rating and a $3.00 target price on the stock. Roth Capital raised shares of PLBY Group to a “strong-buy” rating in a report on Friday, January 31st.

PLBY Group Stock Down 2.5 %

The firm’s 50-day moving average price is $1.72 and its 200 day moving average price is $1.21. The firm has a market cap of $145.29 million, a P/E ratio of -1.61 and a beta of 2.28. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 12.49.

Hedge Funds Weigh In On PLBY Group

Several institutional investors have recently modified their holdings of PLBY. Balyasny Asset Management L.P. bought a new position in shares of PLBY Group during the fourth quarter worth about $26,000. Tower Research Capital LLC TRC bought a new position in shares of PLBY Group during the fourth quarter worth about $41,000. J2 Capital Management Inc bought a new position in shares of PLBY Group during the fourth quarter worth about $43,000. Squarepoint Ops LLC bought a new position in PLBY Group in the 4th quarter valued at about $50,000. Finally, BNP Paribas Financial Markets bought a new position in PLBY Group in the 4th quarter valued at about $58,000. Institutional investors 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.