Barclays PLC Has $74,000 Stock Holdings in Purple Innovation, Inc. (NASDAQ:PRPL)

Barclays PLC grew its position in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 283.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,803 shares of the company’s stock after acquiring an additional 55,275 shares during the quarter. Barclays PLC owned 0.07% of Purple Innovation worth $74,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Wasatch Advisors LP boosted its stake in shares of Purple Innovation by 25.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock worth $2,768,000 after buying an additional 560,407 shares during the last quarter. Divisadero Street Capital Management LP bought a new stake in Purple Innovation during the second quarter worth about $144,000. Legacy Investment Solutions LLC acquired a new position in Purple Innovation during the third quarter valued at approximately $70,000. Renaissance Technologies LLC grew its stake in Purple Innovation by 316.3% in the second quarter. Renaissance Technologies LLC now owns 71,226 shares of the company’s stock valued at $74,000 after purchasing an additional 54,116 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Purple Innovation by 42.5% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 58,452 shares of the company’s stock worth $58,000 after purchasing an additional 17,425 shares during the last quarter. 88.41% of the stock is owned by institutional investors.

Purple Innovation Trading Up 3.3 %

Shares of Purple Innovation stock opened at $0.84 on Friday. Purple Innovation, Inc. has a 12-month low of $0.69 and a 12-month high of $2.33. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $0.89 and its 200-day moving average is $1.02. The stock has a market cap of $90.69 million, a P/E ratio of -0.84 and a beta of 2.08.

Purple Innovation (NASDAQ:PRPL) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $118.60 million during the quarter, compared to analysts’ expectations of $125.64 million. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. During the same quarter last year, the company posted ($0.18) earnings per share. Equities research analysts predict that Purple Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Purple Innovation Profile

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.