Purple Innovation, Inc. (NASDAQ:PRPL – Get Rating) insider Casey Kale Mcgarvey acquired 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 16th. The stock was acquired at an average price of $2.85 per share, for a total transaction of $85,500.00. Following the completion of the transaction, the insider now directly owns 78,718 shares in the company, valued at $224,346.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Purple Innovation Stock Down 4.2 %

PRPL opened at $3.91 on Friday. The firm has a 50 day moving average price of $3.41 and a 200 day moving average price of $4.44. The company has a market cap of $324.90 million, a PE ratio of -5.28 and a beta of 1.91. Purple Innovation, Inc. has a 1 year low of $2.65 and a 1 year high of $23.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 1.91.

Purple Innovation (NASDAQ:PRPL – Get Rating) last posted its earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.06). The business had revenue of $144.10 million for the quarter, compared to analyst estimates of $155.79 million. Purple Innovation had a negative return on equity of 28.60% and a negative net margin of 6.39%. The firm's revenue for the quarter was down 21.1% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. Sell-side analysts expect that Purple Innovation, Inc. will post -0.45 earnings per share for the current year.

Analyst Ratings Changes

Hedge Funds Weigh In On Purple Innovation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers purchased a new position in Purple Innovation in the 2nd quarter worth approximately $31,000. Crumly & Associates Inc. purchased a new position in Purple Innovation in the 2nd quarter worth approximately $41,000. Strs Ohio purchased a new position in Purple Innovation in the 1st quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Purple Innovation in the 2nd quarter worth approximately $50,000. Finally, Point72 Hong Kong Ltd purchased a new position in Purple Innovation in the 1st quarter worth approximately $52,000.

Purple Innovation Company Profile

(Get Rating)

Purple Innovation, Inc designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, weighted blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms.

See Also

• Get a free copy of the StockNews.com research report on Purple Innovation (PRPL)
• The Institutions Hold On To Darden Restaurants International
• What Steelcase's Earnings Say About the Return to the Office?
• Is The Golden Age Of Homebuilding Already Over?
• These 3 Big Dividend Payers Also Boast Strong Price Growth
• Natural Gas Prices Continue To Rally, These Stocks Should Benefit

Receive News & Ratings for Purple Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Purple Innovation and related companies with MarketBeat.com's FREE daily email newsletter.