Barclays PLC Boosts Stock Holdings in Purple Innovation, Inc. (NASDAQ:PRPL)

Barclays PLC raised its stake in Purple Innovation, Inc. (NASDAQ:PRPL) by 283.1% during 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 purchasing an additional 55,275 shares during the quarter. Barclays PLC owned about 0.07% of Purple Innovation worth $74,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Crumly & Associates Inc. lifted its holdings in shares of Purple Innovation by 22.5% during the 3rd quarter. Crumly & Associates Inc. now owns 81,763 shares of the company’s stock valued at $81,000 after acquiring an additional 15,000 shares in the last quarter. Geode Capital Management LLC raised its position in Purple Innovation by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,346,073 shares of the company’s stock valued at $1,331,000 after purchasing an additional 16,033 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Purple Innovation by 42.5% in 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 during the period. Finally, Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 54,116 shares in the last quarter. 88.41% of the stock is owned by hedge funds and other institutional investors.

Purple Innovation Stock Performance

Shares of NASDAQ:PRPL opened at $1.25 on Friday. The company has a market cap of $134.64 million, a P/E ratio of -1.25 and a beta of 2.08. Purple Innovation, Inc. has a one year low of $0.75 and a one year high of $2.33. The business’s 50-day simple moving average is $0.92 and its 200 day simple moving average is $1.02. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30.

Purple Innovation (NASDAQ:PRPL) last posted its earnings results on Monday, November 4th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The business 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 period in the previous year, the company posted ($0.18) earnings per share. On average, sell-side analysts forecast 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.