Purple Innovation (PRPL) to Release Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL) is projected to post its quarterly earnings results before the market opens on Tuesday, March 11th. Analysts expect Purple Innovation to post earnings of ($0.14) per share and revenue of $129.39 million for the quarter.

Purple Innovation Stock Performance

NASDAQ PRPL opened at $0.78 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average price is $0.97 and its two-hundred day moving average price is $0.98. Purple Innovation has a 1 year low of $0.75 and a 1 year high of $2.33. The firm has a market capitalization of $84.01 million, a P/E ratio of -0.78 and a beta of 2.16.

Hedge Funds Weigh In On Purple Innovation

An institutional investor recently raised its position in Purple Innovation stock. Bank of America Corp DE raised its stake in Purple Innovation, Inc. (NASDAQ:PRPL) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 0.05% of Purple Innovation worth $44,000 at the end of the most recent quarter. Institutional investors and hedge funds own 88.41% of the company’s stock.

Purple Innovation Company 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.