Roth Mkm Initiates Coverage on PLBY Group (NASDAQ:PLBY)

Research analysts at Roth Mkm assumed coverage on shares of PLBY Group (NASDAQ:PLBY) in a note issued to investors on Friday. The brokerage set a “buy” rating and a $3.00 price target on the stock. Roth Mkm’s price objective points to a potential upside of 80.72% from the company’s previous close.

PLBY Group Stock Performance

Shares of NASDAQ PLBY opened at $1.66 on Friday. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $149.32 million, a PE ratio of -1.73 and a beta of 2.24. The company’s fifty day moving average price is $1.56 and its 200 day moving average price is $1.06. PLBY Group has a 1 year low of $0.52 and a 1 year high of $1.99.

PLBY Group (NASDAQ:PLBY) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.32). PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. The business had revenue of $12.86 million during the quarter.

Hedge Funds Weigh In On PLBY Group

A hedge fund recently raised its stake in PLBY Group stock. Sfmg LLC boosted its stake in shares of PLBY Group, Inc. (NASDAQ:PLBY) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,000 shares of the company’s stock after acquiring an additional 89,000 shares during the quarter. Sfmg LLC owned 0.56% of PLBY Group worth $379,000 as of its most recent SEC filing. 32.46% of the stock is owned by hedge funds and other institutional investors.

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.