J. Goldman & Co LP acquired a new stake in Purple Innovation, Inc. (NASDAQ:PRPL – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 112,500 shares of the company’s stock, valued at approximately $658,000. J. Goldman & Co LP owned 0.17% of Purple Innovation as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Purple Innovation in the first quarter valued at approximately $50,000. Kestra Advisory Services LLC acquired a new position in shares of Purple Innovation in the first quarter valued at approximately $68,000. Advisor Group Holdings Inc. grew its position in shares of Purple Innovation by 221.6% in the first quarter. Advisor Group Holdings Inc. now owns 20,616 shares of the company’s stock valued at $121,000 after purchasing an additional 14,206 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of Purple Innovation in the first quarter valued at approximately $130,000. Finally, Teacher Retirement System of Texas grew its position in shares of Purple Innovation by 18.6% in the fourth quarter. Teacher Retirement System of Texas now owns 11,402 shares of the company’s stock valued at $151,000 after purchasing an additional 1,785 shares during the last quarter.
Insider Buying and Selling at Purple Innovation
In other Purple Innovation news, Director Gary T. Dicamillo bought 10,000 shares of Purple Innovation stock in a transaction on Wednesday, September 7th. The shares were purchased at an average price of $2.66 per share, with a total value of $26,600.00. Following the acquisition, the director now owns 113,083 shares in the company, valued at approximately $300,800.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 24.92% of the company’s stock.
Analyst Ratings Changes
Purple Innovation Trading Up 2.7 %
Shares of PRPL stock opened at $3.09 on Friday. The stock’s fifty day moving average price is $3.41 and its two-hundred day moving average price is $4.62. Purple Innovation, Inc. has a fifty-two week low of $2.65 and a fifty-two week high of $24.15. The company has a quick ratio of 0.95, a current ratio of 1.91 and a debt-to-equity ratio of 0.17.
Purple Innovation (NASDAQ:PRPL – Get Rating) last issued its earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The business had revenue of $144.10 million during the quarter, compared to analyst estimates of $155.79 million. Purple Innovation had a negative net margin of 6.39% and a negative return on equity of 28.60%. The company’s revenue for the quarter was down 21.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, equities analysts forecast that Purple Innovation, Inc. will post -0.45 earnings per share for the current year.
Purple Innovation Profile
Purple Innovation, Inc designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, weighted blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms.
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