Stifel gives a Hold recommendation for PLBY Group Inc (PLBY)

PLBY Group Inc’s filing revealed that its CEO & President Kohn Bernhard L III unloaded Company’s shares for reported $23450.0 on Nov 14 ’23. In the deal valued at $0.47 per share,50,000 shares were sold. As a result of this transaction, Kohn Bernhard L III now holds 75,361 shares worth roughly $71592.95.

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Then, Beuting Florus sold 1,059 shares, generating $755 in total proceeds. Upon selling the shares at $0.71, the Former CAO & Treasurer now owns 47,939 shares.

Before that, Beuting Florus sold 1,763 shares. PLBY Group Inc shares valued at $2,500 were divested by the CAO & Treasurer at a price of $1.42 per share. As a result of the transaction, Beuting Florus now holds 48,998 shares, worth roughly $46548.1.

Stifel reiterated its PLBY Group Inc [PLBY] rating to a Hold in a research note published on August 10, 2023; the price target was $1.50. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. Jefferies began covering PLBY with “Buy” recommendation on May 05, 2023. ROTH MKM maintained its rating on March 17, 2023. It rated PLBY as “a Buy”.

Price Performance Review of PLBY

On Tuesday, PLBY Group Inc [NASDAQ:PLBY] saw its stock fall -1.14% to $0.95. Over the last five days, the stock has lost -0.32%. PLBY Group Inc shares have fallen nearly -5.30% since the year began. Nevertheless, the stocks have fallen -50.68% over the past one year. While a 52-week high of $2.03 was reached on 01/10/24, a 52-week low of $0.43 was recorded on 03/08/24. SMA at 50 days reached $1.0320, while 200 days put it at $1.0878. A total of 0.41 million shares were traded, compared to the trading of 1.83 million shares in the previous session.

Levels Of Support And Resistance For PLBY Stock

The 24-hour chart illustrates a support level at 0.9023, which if violated will result in even more drops to 0.8577. On the upside, there is a resistance level at 0.9793. A further resistance level may holdings at 1.0117. The Relative Strength Index (RSI) on the 14-day chart is 49.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0623, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.24%. Stochastics %K at 57.30% 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 Mar 15, 2024, dropping by -0.12 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.69 million shares. There was a decline of -2.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.89.

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