BlackRock Fund Advisors has recently announced that it has increased stake in PLBY Group Inc. (NASDAQ:PLBY) by 29.49%. After grabbing 2.26 million shares, the institutional investor is now in possession of 0.51 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.93% having worth around $4.81 million. Moreover, The Vanguard Group, Inc. increased its share by 0.22 million to have a control over 1.55 million shares. And Geode Capital Management LLC raised its holdings to 83946.0 shares by acquiring 0.7 million shares or 1.52% of the stake.
PLBY Group Inc. (PLBY) concluded trading on 03/16/23 at a closing price of $1.96, with 0.69 million shares of worth about $1.34 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -53.88% during that period and on Thursday the price saw a loss of about -2.49%. Currently the company’s common shares owned by public are about 46.89M shares, out of which, 29.14M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the PLBY stock and their offered price forecasts bring an average price target of $5.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.00 and could fall to a lowest price of $3.00. The stock’s current price level is 65.0% above of average price target set by the analysts, while a rise to estimated low would result in gain of 34.67% for the stock. However, touching the estimated high of $8.00 would mean a gain of 75.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 53 times over the past 12 months. They bought 23,036,582 shares in 21 of the transactions. In 32 selling transactions, insiders dumped 1,572,792 shares.
Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and iShares Russell 2000 Value ETF are the top 3 mutual funds which are holding stakes in PLBY Group Inc. Vanguard Total Stock Market Index is currently holding 0.97 million shares of worth totaling $2.07 million. The company recently came buying 0.0 shares which brought its stake up to 2.12% of the company’s outstanding shares. iShares Russell 2000 ETF sold 2844.0 shares, after which its hold over company’s outstanding shares shrunk to 1.96%, leaving 0.9 million shares with the mutual fund that have a worth of about $1.91 million. iShares Russell 2000 Value ETF, after buying 0.43 million shares, have now control over 0.94% of the stake in the company. It holds 1315.0 shares of worth $0.92 million.
PLBY Group Inc. (NASDAQ: PLBY) started trading at $2.00, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 2.0400, or with a loss of -2.49%. Stock saw a price change of -1.51% in past 5 days and over the past one month there was a price change of -24.03%. Year-to-date (YTD), PLBY shares are showing a performance of -28.73% which decreased to -85.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.84 but also hit the highest price of $15.90 during that period. The average intraday trading volume for PLBY Group Inc. shares is 1.46 million. The stock is currently trading -8.05% below its 20-day simple moving average (SMA20), while that difference is down -25.08% for SMA50 and it goes to -55.44% lower than SMA200.
BlackRock Fund Advisors acquired 2.26 million shares of PLBY Group Inc. having value of about $4.81 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.51 million shares in the company valued at close to $1007294.96, or have control over 29.49% stake in the company. PLBY Group Inc. (NASDAQ: PLBY) currently have 46.89M outstanding shares and institutions hold larger chunk of about 58.80% of that. Holding of mutual funds in the company is about 19.07% while other institutional holders and individual stake holders have control over 59.09% and 10.08% of the stake respectively.
The stock has a current market capitalization of $102.72M. It has posted earnings per share of -$6.99 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 1.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PLBY, volatility over the week remained 8.39% while standing at 6.43% over the month.
Analysts are in expectations that PLBY Group Inc. (PLBY) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is -$0.48 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -776.10% while it is estimated to increase by 92.20% in next year.
Analysts at 3 brokerage firms have issued recommendations for the PLBY Group Inc. (PLBY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on July 20, 2022 offering a Hold rating for the stock and assigned a target price range of between $11 and $7 to it. Coverage by Canaccord Genuity stated PLBY Group Inc. (PLBY) stock as a Buy in their note to investors on April 20, 2022, suggesting a price target of $28 for the stock. On March 02, 2022, Loop Capital Reiterated their recommendations, while on March 02, 2022, Chardan Capital Markets Reiterated their ratings for the stock with a price target of $39. Stock get a Buy rating from Canaccord Genuity on March 02, 2022.
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