Nuveen LLC Takes Position in PURPLE INNOVATION, INC. $PRPL

Key Points

• Nuveen LLC acquired a new stake in PURPLE INNOVATION by purchasing 228,036 shares, valued at approximately $173,000, representing about 0.21% of the company.
• Institutional investors hold 88.41% of PURPLE INNOVATION's stock, indicating significant interest and investment from major financial entities.
• PURPLE INNOVATION reported earnings of ($0.11) per share for the last quarter, slightly beating estimates, with revenue of $105.10 million against expectations of $103.69 million.

Nuveen LLC bought a new stake in PURPLE INNOVATION, INC. (NASDAQ:PRPL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 228,036 shares of the company's stock, valued at approximately $173,000. Nuveen LLC owned about 0.21% of PURPLE INNOVATION at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Invenomic Capital Management LP purchased a new stake in shares of PURPLE INNOVATION in the fourth quarter valued at about $620,000. Squarepoint Ops LLC raised its holdings in shares of PURPLE INNOVATION by 219.7% in the fourth quarter. Squarepoint Ops LLC now owns 178,052 shares of the company's stock valued at $139,000 after purchasing an additional 122,358 shares during the last quarter. Crumly & Associates Inc. raised its holdings in shares of PURPLE INNOVATION by 100.2% in the first quarter. Crumly & Associates Inc. now owns 163,663 shares of the company's stock valued at $124,000 after purchasing an additional 81,900 shares during the last quarter. Barclays PLC raised its holdings in shares of PURPLE INNOVATION by 14.5% in the fourth quarter. Barclays PLC now owns 85,627 shares of the company's stock valued at $67,000 after purchasing an additional 10,824 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of PURPLE INNOVATION by 45.1% in the fourth quarter. Bank of America Corp DE now owns 55,984 shares of the company's stock valued at $44,000 after purchasing an additional 17,406 shares during the last quarter. Hedge funds and other institutional investors own 88.41% of the company's stock.

PURPLE INNOVATION Price Performance

PRPL opened at $1.13 on Friday. The firm has a market cap of $122.50 million, a P/E ratio of -1.45 and a beta of 1.58. The firm has a 50-day moving average of $0.90 and a 200 day moving average of $0.81. The company has a debt-to-equity ratio of 54.69, a quick ratio of 0.77 and a current ratio of 1.49. PURPLE INNOVATION, INC. has a fifty-two week low of $0.56 and a fifty-two week high of $1.29.

PURPLE INNOVATION (NASDAQ:PRPL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $105.10 million during the quarter, compared to analyst estimates of $103.69 million. PURPLE INNOVATION had a negative net margin of 18.43% and a negative return on equity of 472.12%. PURPLE INNOVATION has set its FY 2025 guidance at EPS. On average, research analysts expect that PURPLE INNOVATION, INC. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of PURPLE INNOVATION from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, PURPLE INNOVATION currently has a consensus rating of "Hold" and an average target price of $1.00.

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.

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