Charles Schwab Investment Management Inc. Sells 23,624 Shares of Purple Innovation, Inc. (NASDAQ:PRPL)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 435,003 shares of the company’s stock after selling 23,624 shares during the period. Charles Schwab Investment Management Inc. owned 0.40% of Purple Innovation worth $339,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Truist Financial Corp boosted its position in shares of Purple Innovation by 32.4% during the 4th quarter. Truist Financial Corp now owns 629,032 shares of the company’s stock worth $491,000 after purchasing an additional 154,032 shares in the last quarter. B.O.S.S. Retirement Advisors LLC bought a new position in Purple Innovation in the fourth quarter worth approximately $78,000. Dynamic Advisor Solutions LLC boosted its holdings in Purple Innovation by 27.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 901,176 shares of the company’s stock worth $703,000 after acquiring an additional 194,398 shares in the last quarter. SG Americas Securities LLC grew its stake in Purple Innovation by 70.2% in the fourth quarter. SG Americas Securities LLC now owns 35,272 shares of the company’s stock valued at $28,000 after acquiring an additional 14,548 shares during the period. Finally, Barclays PLC increased its holdings in shares of Purple Innovation by 283.1% during the third quarter. Barclays PLC now owns 74,803 shares of the company’s stock valued at $74,000 after acquiring an additional 55,275 shares in the last quarter. 88.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wedbush restated a “neutral” rating and set a $1.00 price objective on shares of Purple Innovation in a report on Wednesday, March 26th.

Purple Innovation Price Performance

PRPL opened at $0.75 on Wednesday. Purple Innovation, Inc. has a 1 year low of $0.65 and a 1 year high of $2.12. 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 company has a market capitalization of $80.59 million, a price-to-earnings ratio of -0.75 and a beta of 2.37. The firm’s fifty day moving average price is $0.93 and its two-hundred day moving average price is $0.92.

Purple Innovation (NASDAQ:PRPL) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.07. The firm had revenue of $128.98 million during the quarter, compared to analyst estimates of $129.39 million. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. As a group, analysts anticipate 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.