Purple Innovation, Inc. (NASDAQ:PRPL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) by 2,140.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 608,144 shares of the company's stock after acquiring an additional 580,997 shares during the quarter. JPMorgan Chase & Co. owned about 0.56% of Purple Innovation worth $474,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC raised its position in shares of Purple Innovation by 283.1% during the third quarter. Barclays PLC now owns 74,803 shares of the company's stock worth $74,000 after acquiring an additional 55,275 shares during the last quarter. Geode Capital Management LLC grew its position in Purple Innovation by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,346,073 shares of the company's stock valued at $1,331,000 after buying an additional 16,033 shares during the period. SG Americas Securities LLC increased its holdings in Purple Innovation by 70.2% in the 4th quarter. SG Americas Securities LLC now owns 35,272 shares of the company's stock worth $28,000 after acquiring an additional 14,548 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of 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 during the period. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in Purple Innovation during the fourth quarter valued at approximately $78,000. Institutional investors own 88.41% of the company's stock.

Purple Innovation Stock Performance

NASDAQ:PRPL traded up $0.07 during mid-day trading on Wednesday, hitting $0.81. 4,919,786 shares of the company traded hands, compared to its average volume of 524,833. The stock's fifty day moving average price is $0.71 and its 200-day moving average price is $0.86. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm has a market cap of $87.35 million, a price-to-earnings ratio of -0.81 and a beta of 1.62. Purple Innovation, Inc. has a one year low of $0.56 and a one year high of $1.59.

Purple Innovation (NASDAQ:PRPL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.03. The business had revenue of $104.17 million for the quarter, compared to the consensus estimate of $104.17 million. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. Research analysts anticipate that Purple Innovation, Inc. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a "neutral" rating and issued a $1.00 target price on shares of Purple Innovation in a research note on Wednesday, March 26th.

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.