Purple Innovation, Inc. (NASDAQ:PRPL) Shares Acquired by Truist Financial Corp

Truist Financial Corp boosted its stake in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 629,032 shares of the company’s stock after buying an additional 154,032 shares during the quarter. Truist Financial Corp owned 0.58% of Purple Innovation worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in Purple Innovation by 70.2% during the fourth quarter. SG Americas Securities LLC now owns 35,272 shares of the company’s stock worth $28,000 after buying an additional 14,548 shares during the period. Legacy Investment Solutions LLC acquired a new position in Purple Innovation during the third quarter worth about $70,000. Barclays PLC grew its position in Purple Innovation by 283.1% during the third quarter. Barclays PLC now owns 74,803 shares of the company’s stock worth $74,000 after buying an additional 55,275 shares during the period. B.O.S.S. Retirement Advisors LLC acquired a new position in Purple Innovation during the fourth quarter worth about $78,000. Finally, Crumly & Associates Inc. grew its position in 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 period. 88.41% of the stock is currently owned by institutional investors and hedge funds.

Purple Innovation Trading Down 8.1 %

Shares of PRPL opened at $0.78 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The firm’s 50-day moving average is $0.97 and its two-hundred day moving average is $0.98. Purple Innovation, Inc. has a twelve month low of $0.75 and a twelve month high of $2.33. The firm has a market capitalization of $84.01 million, a P/E ratio of -0.78 and a beta of 2.16.

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.