Purple Innovation (PRPL) to Release Quarterly Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL) is expected to announce its earnings results before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $129.39 million for the quarter.

Purple Innovation Stock Up 0.9 %

NASDAQ:PRPL opened at $0.74 on Friday. The stock’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $0.97. Purple Innovation has a 52-week low of $0.70 and a 52-week high of $2.27. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30. The company has a market cap of $79.68 million, a price-to-earnings ratio of -0.74 and a beta of 2.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Purple Innovation stock. Bank of America Corp DE boosted its position in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 45.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,984 shares of the company’s stock after buying an additional 17,406 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of Purple Innovation worth $44,000 as of its most recent SEC filing. Institutional investors and hedge funds own 88.41% of the company’s stock.

About Purple Innovation

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.