Purple Innovation (PRPL) to Release Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL) is projected to release its earnings data 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 Price Performance

NASDAQ:PRPL opened at $0.78 on Tuesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67. 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 one year low of $0.75 and a one year high of $2.33. The company has a market cap 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 lifted its holdings in Purple Innovation, Inc. (NASDAQ:PRPL) by 45.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,984 shares of the company’s stock after acquiring 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 filing with the SEC. Institutional investors 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.