Purple Innovation (NASDAQ:PRPL – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07, Zacks reports. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. The firm had revenue of $128.98 million during the quarter, compared to analyst estimates of $129.39 million. Purple Innovation updated its FY 2025 guidance to EPS.
Purple Innovation Stock Up 36.7 %
Shares of NASDAQ:PRPL traded up $0.24 during midday trading on Friday, reaching $0.91. The company had a trading volume of 8,899,830 shares, compared to its average volume of 713,854. The stock has a market capitalization of $97.69 million, a P/E ratio of -0.91 and a beta of 2.37. The stock’s fifty day moving average price is $0.95 and its 200-day moving average price is $0.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67. Purple Innovation has a one year low of $0.65 and a one year high of $2.12.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Purple Innovation stock. Bank of America Corp DE lifted its stake in shares of Purple Innovation, Inc. (NASDAQ:PRPL – Free Report) by 45.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,984 shares of the company’s stock after purchasing an additional 17,406 shares during the period. Bank of America Corp DE owned about 0.05% of Purple Innovation worth $44,000 as of its most recent filing with the SEC. 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.
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