Shares of NASDAQ PRPL opened at $5.50 on Thursday. The firm has a market cap of $303.98 million, a price-to-earnings ratio of -10.78 and a beta of -0.26. The company has a debt-to-equity ratio of 6.41, a quick ratio of 0.43 and a current ratio of 1.10. Purple Innovation has a one year low of $4.45 and a one year high of $13.90.
Purple Innovation (NASDAQ:PRPL) issued its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.02, Morningstar.com reports. The company had revenue of $78.46 million for the quarter, compared to analyst estimates of $77.10 million. Purple Innovation had a negative net margin of 1.39% and a negative return on equity of 43.91%.
Several large investors have recently added to or reduced their stakes in PRPL. Cpwm LLC acquired a new position in shares of Purple Innovation during the 3rd quarter worth $116,000. Vanguard Group Inc. raised its stake in shares of Purple Innovation by 112.0% during the 3rd quarter. Vanguard Group Inc. now owns 41,721 shares of the company’s stock worth $242,000 after buying an additional 22,043 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Purple Innovation by 112.0% during the 3rd quarter. Vanguard Group Inc now owns 41,721 shares of the company’s stock worth $242,000 after buying an additional 22,043 shares during the last quarter. Northern Trust Corp raised its stake in shares of Purple Innovation by 7.2% during the 4th quarter. Northern Trust Corp now owns 43,341 shares of the company’s stock worth $256,000 after buying an additional 2,897 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Purple Innovation by 347.2% during the 3rd quarter. LPL Financial LLC now owns 56,800 shares of the company’s stock worth $329,000 after buying an additional 44,100 shares during the last quarter. 13.00% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Purple Innovation from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Thursday. Wedbush restated an “outperform” rating and set a $6.50 target price on shares of Purple Innovation in a research report on Wednesday.
Purple Innovation Company Profile
Purple Innovation, Inc engages in the design and manufacture of products to improve how people sleep, sit, and stand. It offers mattresses, cushions, pillows, and other comfort products using its proprietary Hyper-Elastic Polymer technology. The company was founded by Terry V. Pearce and Tony M. Pearce in 2010 and is headquartered in Alpine, Utah.
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