Geode Capital Management LLC Purchases 16,033 Shares of Purple Innovation, Inc. (NASDAQ:PRPL)

Geode Capital Management LLC increased its position in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,346,073 shares of the company’s stock after buying an additional 16,033 shares during the quarter. Geode Capital Management LLC owned 1.25% of Purple Innovation worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRPL. Wasatch Advisors LP boosted its position in 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 acquiring an additional 560,407 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Purple Innovation by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company’s stock worth $453,000 after purchasing an additional 17,056 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in Purple Innovation in the second quarter valued at $144,000. Renaissance Technologies LLC increased its stake in Purple Innovation by 316.3% in the 2nd quarter. Renaissance Technologies LLC now owns 71,226 shares of the company’s stock valued at $74,000 after buying an additional 54,116 shares during the last quarter. Finally, Crumly & Associates Inc. lifted its position in Purple Innovation by 22.5% during the 3rd quarter. Crumly & Associates Inc. now owns 81,763 shares of the company’s stock worth $81,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 88.41% of the company’s stock.

Purple Innovation Price Performance

Shares of NASDAQ PRPL opened at $0.84 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67. The business has a 50-day moving average of $0.89 and a 200-day moving average of $1.02. The stock has a market capitalization of $90.69 million, a price-to-earnings ratio of -0.84 and a beta of 2.08. Purple Innovation, Inc. has a fifty-two week low of $0.69 and a fifty-two week high of $2.33.

Purple Innovation (NASDAQ:PRPL) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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 return on equity of 84.67% and a negative net margin of 21.34%. During the same period in the prior year, the firm posted ($0.18) earnings per share. As a group, sell-side analysts predict that Purple Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Purple Innovation Company 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.