PLBY Group Inc.’s recently made public that its CAO & Treasurer Beuting Florus unloaded Company’s shares for reported $3781.0 on Jul 12. In the deal valued at $6.24 per share,606 shares were sold. As a result of this transaction, Beuting Florus now holds 59,746 shares worth roughly $ 0.21 million.
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Then, Beuting Florus sold 626 shares, generating $4,788 in total proceeds. Upon selling the shares at $7.65, the CAO & Treasurer now owns 60,352 shares.
Before that, Beuting Florus sold 1,089 shares. PLBY Group Inc. shares valued at $9,752 were divested by the CAO & Treasurer at a price of $8.96 per share. As a result of the transaction, Beuting Florus now holds 60,978 shares, worth roughly $0.21 million.
Stifel downgraded its PLBY Group Inc. [PLBY] rating to a Hold from a a Buy in a research note published on Monday, July 20, 2022; the price target was decreased to $7 from $11. PT values the company’s stock at a premium of 50.0 to its Monday closing price. Loop Capital also remained covering PLBY and reiterated its “Buy” recommendation on March 02, 2022. Chardan Capital Markets maintained its rating on March 02, 2022. It rated PLBY as “a Buy”.
Price Performance Review of PLBY
On Monday, PLBY Group Inc. [NASDAQ:PLBY] saw its stock fall -2.78% to $3.50. On the same session, the stock had its day’s lowest price of $3.49, but rose to a high of $3.635. Over the last five days, the stock has lost -3.31%. PLBY Group Inc. shares have fallen nearly -86.86% since the year began. Nevertheless, the stocks have fallen -89.21% over the past one year. While a 52-week high of $43.25 was reached on 01/03/22, a 52-week low of $3.24 was recorded on 10/21/22. SMA at 50 days reached $3.91, while 200 days put it at $8.68. A total of 0.55 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For PLBY Stock
The 24-hour chart illustrates a support level at 3.45, which if violated will result in even more drops to 3.40. On the upside, there is a resistance level at 3.59. A further resistance level may holdings at 3.69. The Relative Strength Index (RSI) on the 14-day chart is 42.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.82%. Stochastics %K at 52.13% indicates the stock is a holding.
How much short interest is there in PLBY Group Inc.?
A steep rise in short interest was recorded in PLBY Group Inc. stocks on Jul 14, 2022, growing by 0.43 million shares to a total of 6.59 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.16 million shares. There was a rise of 6.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.39% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.43.
PLBY Group Inc. [PLBY] – Who Are The Largest Shareholders?
In filings from Builders Union LLP, it is revealed that the company now owns 2,350,630 shares, or roughly 5.15% of the outstanding PLBY shares. In other words, the investor’s shares have risen by 1,725,567 from its previous 13-F filing of 625063.0. Additionally, BlackRock Fund Advisors increased 11.96% of its stake after which the total value it holdings stand at $7,023,947, while The Vanguard Group, Inc. added 31.79% of its stake to hold $5.63 million in the firm. At present, SSgA Funds Management, Inc. is holding 534,549 shares valued at $2.15 million. Geode Capital Management LLC owned 499,179 shares of the company at the time of its most recent 13F filing, worth $2.01 million.
According to FactSet, PLBY Group Inc.’s share price will average $7.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 122.22 percent from its previous closing price of $3.60. Analysts expect PLBY Group Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $5.00. However, 5 analysts have rated PLBY stock as a Buy in their predictions for 2022. The most recent change occurred on March 02, 2022 when Canaccord Genuity resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $36.