Invenomic Capital Management LP bought a new stake in shares of Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 795,176 shares of the company's stock, valued at approximately $620,000. Invenomic Capital Management LP owned about 0.74% of Purple Innovation at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Purple Innovation by 2,140.2% during the 4th quarter. JPMorgan Chase & Co. now owns 608,144 shares of the company's stock valued at $474,000 after purchasing an additional 580,997 shares during the last quarter. Barclays PLC increased its position in shares of Purple Innovation by 283.1% during the 3rd quarter. Barclays PLC now owns 74,803 shares of the company's stock valued at $74,000 after purchasing an additional 55,275 shares during the last quarter. Truist Financial Corp increased its position in shares of Purple Innovation by 32.4% during the 4th quarter. Truist Financial Corp now owns 629,032 shares of the company's stock valued at $491,000 after purchasing an additional 154,032 shares during the last quarter. SG Americas Securities LLC increased its holdings in Purple Innovation by 70.2% in the 4th quarter. SG Americas Securities LLC now owns 35,272 shares of the company's stock worth $28,000 after acquiring an additional 14,548 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in Purple Innovation by 27.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 901,176 shares of the company's stock worth $703,000 after acquiring an additional 194,398 shares during the last quarter. 88.41% of the stock is owned by hedge funds and other institutional investors.
Purple Innovation Stock Performance
PRPL traded down $0.08 during trading hours on Wednesday, hitting $0.82. The stock had a trading volume of 453,089 shares, compared to its average volume of 541,859. The company's fifty day simple moving average is $0.72 and its 200 day simple moving average is $0.86. Purple Innovation, Inc. has a 1 year low of $0.56 and a 1 year high of $1.53. The stock has a market cap of $88.85 million, a PE ratio of -0.82 and a beta of 1.62. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.
Purple Innovation (NASDAQ:PRPL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.03. The business had revenue of $104.17 million during the quarter, compared to analyst estimates of $104.17 million. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. Equities analysts anticipate that Purple Innovation, Inc. will post -0.47 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Wedbush reissued a "neutral" rating and issued a $1.00 price objective on shares of Purple Innovation in a report on Wednesday, March 26th.
View Our Latest Analysis on Purple Innovation
Purple Innovation Profile
(
Free Report)
Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.
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