Purple Innovation Target of Unusually Large Options Trading (NASDAQ:PRPL)

Purple Innovation, Inc. (NASDAQ:PRPL - Get Free Report) saw unusually large options trading activity on Friday. Traders acquired 4,468 call options on the company. This represents an increase of 6,283% compared to the average daily volume of 70 call options.

Hedge Funds Weigh In On Purple Innovation

A number of institutional investors have recently bought and sold shares of PRPL. Charles Schwab Investment Management Inc. increased its position in shares of Purple Innovation by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company's stock valued at $453,000 after acquiring an additional 17,056 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Purple Innovation by 25.0% during the third quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company's stock valued at $2,768,000 after acquiring an additional 560,407 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Purple Innovation during the third quarter valued at approximately $70,000. Barclays PLC increased 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 valued at $74,000 after acquiring an additional 55,275 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 16,033 shares in the last quarter. 88.41% of the stock is owned by institutional investors.

Purple Innovation Trading Down 2.7 %

Shares of Purple Innovation stock traded down $0.02 during trading on Tuesday, reaching $0.83. 273,178 shares of the stock were exchanged, compared to its average volume of 866,735. 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 stock's fifty day moving average is $0.95 and its 200 day moving average is $0.94. The firm has a market cap of $88.86 million, a price-to-earnings ratio of -0.83 and a beta of 2.37. Purple Innovation has a 1 year low of $0.65 and a 1 year high of $2.12.

Remove Ads

Purple Innovation (NASDAQ:PRPL - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.07. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. The company had revenue of $128.98 million during the quarter, compared to the consensus estimate of $129.39 million. As a group, equities research analysts expect that Purple Innovation will post -0.47 earnings per share for the current fiscal year.

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.