Purple Innovation (NASDAQ:PRPL - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01, Zacks reports. Purple Innovation had a negative return on equity of 472.12% and a negative net margin of 18.43%. The company had revenue of $105.10 million during the quarter, compared to analyst estimates of $103.69 million. Purple Innovation updated its FY 2025 guidance to EPS.
Purple Innovation Trading Down 0.3%
Purple Innovation stock traded down $0.00 during mid-day trading on Friday, hitting $0.81. The company's stock had a trading volume of 256,720 shares, compared to its average volume of 913,239. The firm has a market capitalization of $87.14 million, a PE ratio of -1.04 and a beta of 1.42. Purple Innovation has a 1 year low of $0.56 and a 1 year high of $1.37. The company has a current ratio of 1.49, a quick ratio of 0.64 and a debt-to-equity ratio of 54.69. The stock's fifty day moving average is $0.77 and its two-hundred day moving average is $0.82.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Purple Innovation stock. Bank of America Corp DE grew its position in shares of Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) by 45.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 approximately 0.05% of Purple Innovation worth $44,000 as of its most recent SEC filing. 88.41% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Purple Innovation from a "hold" rating to a "sell" rating in a research report on Friday, July 18th.
Check Out Our Latest Stock Report on Purple Innovation
About Purple Innovation
(
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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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