Take off with PLBY Group Inc. (PLBY): Get ready for trading

PLBY Group Inc. (NASDAQ: PLBY) stock jumped 0.73% on Friday to $4.12 against a previous-day closing price of $4.09. With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.24 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $4.3800 whereas the lowest price it dropped to was $4.0700. The 52-week range on PLBY shows that it touched its highest point at $43.25 and its lowest point at $3.90 during that stretch. It currently has a 1-year price target of $9.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLBY was down-trending over the past week, with a drop of -3.06%, but this was down by -8.34% over a month. Three-month performance dropped to -42.70% while six-month performance fell -73.11%. The stock lost -81.00% in the past year, while it has lost -84.53% so far this year. A look at the trailing 12-month EPS for PLBY yields -1.52 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.13. This implies an EPS growth rate of 77.60% for this year and 46.70% for next year.

Float and Shares Shorts:

At present, 46.60 million PLBY shares are outstanding with a float of 43.37 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.59 million, which was 14.46% higher than short shares on Jun 14, 2022. In addition to Mr. Ben Kohn as the firm’s CEO, Pres & Director, Mr. Lance Barton serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 59.99% of PLBY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.48% of PLBY, in contrast to 42.94% held by mutual funds. Shares owned by individuals account for 21.17%. As the largest shareholder in PLBY with 3.82% of the stake, BlackRock Fund Advisors holds 1,742,915 shares worth 1,742,915. A second-largest stockholder of PLBY, The Vanguard Group, Inc., holds 1,397,790 shares, controlling over 3.06% of the firm’s shares. Greenlight Capital, Inc. is the third largest shareholder in PLBY, holding 820,000 shares or 1.80% stake. With a 2.04% stake in PLBY, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 930,659 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 1.43% of PLBY stock, is the second-largest Mutual Fund holder. It holds 654,167 shares valued at 2.94 million. iShares Russell 2000 Value ETF holds 0.70% of the stake in PLBY, owning 320,167 shares worth 1.44 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLBY since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLBY analysts setting a high price target of $14.00 and a low target of $5.00, the average target price over the next 12 months is $9.20. Based on these targets, PLBY could surge 239.81% to reach the target high and rise by 21.36% to reach the target low. Reaching the average price target will result in a growth of 123.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PLBY will report FY 2022 earnings on 03/21/2023. Analysts have provided yearly estimates in a range of -$0.06 being high and -$0.25 being low. For PLBY, this leads to a yearly average estimate of -$0.15. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. PLBY Group Inc. surprised analysts by -$0.04 when it reported -$0.18 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was $0.18. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.13.

Summary of Insider Activity:

Insiders traded PLBY stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 606 shares were sold. The number of buy transactions has increased to 41 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 20,172,357 while 37,345,825 shares were sold.

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