Jane Street Group LLC Has $36,000 Stock Position in Purple Innovation, Inc. (NASDAQ:PRPL)

Jane Street Group LLC cut its holdings in Purple Innovation, Inc. (NASDAQ:PRPL) by 53.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,054 shares of the company’s stock after selling 40,954 shares during the quarter. Jane Street Group LLC’s holdings in Purple Innovation were worth $36,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP boosted its stake in shares of Purple Innovation by 25.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock valued at $2,768,000 after purchasing an additional 560,407 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Purple Innovation by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company’s stock valued at $453,000 after buying an additional 17,056 shares in the last quarter. Crumly & Associates Inc. grew its stake in shares of Purple Innovation by 22.5% during the third quarter. Crumly & Associates Inc. now owns 81,763 shares of the company’s stock worth $81,000 after buying an additional 15,000 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Purple Innovation by 42.5% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 58,452 shares of the company’s stock worth $58,000 after buying an additional 17,425 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in shares of Purple Innovation in the 2nd quarter valued at $144,000. Institutional investors own 88.41% of the company’s stock.

Purple Innovation Price Performance

Purple Innovation stock opened at $0.95 on Friday. The stock has a 50-day moving average price of $0.89 and a two-hundred day moving average price of $1.02. Purple Innovation, Inc. has a 12 month low of $0.69 and a 12 month high of $2.33. The company has a market capitalization of $102.32 million, a PE ratio of -0.95 and a beta of 2.08. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81.

Purple Innovation (NASDAQ:PRPL) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The company had revenue of $118.60 million for 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 in the previous year, the firm posted ($0.18) earnings per share. Analysts expect that Purple Innovation, Inc. will post -0.47 EPS for the current 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.