Purple Innovation Inc (PRPL) Major Shareholder Mvm Funds Llc Buys 4,000 Shares

Purple Innovation Inc (NASDAQ:PRPL) major shareholder Mvm Funds Llc bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The stock was purchased at an average cost of $7.42 per share, for a total transaction of $29,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Purple Innovation stock remained flat at $$5.45 during midday trading on Thursday. The company had a trading volume of 105 shares, compared to its average volume of 50,866. Purple Innovation Inc has a 1-year low of $4.71 and a 1-year high of $13.90. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 2.01.

Purple Innovation (NASDAQ:PRPL) last announced its earnings results on Thursday, August 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The company had revenue of $75.40 million during the quarter, compared to analyst estimates of $72.10 million. Research analysts forecast that Purple Innovation Inc will post -0.1 earnings per share for the current year.

A number of brokerages recently issued reports on PRPL. Zacks Investment Research raised Purple Innovation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Wedbush dropped their target price on Purple Innovation from $11.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, August 10th.

A number of institutional investors have recently made changes to their positions in PRPL. Millennium Management LLC acquired a new position in shares of Purple Innovation during the 1st quarter worth approximately $100,000. BlackRock Inc. acquired a new position in shares of Purple Innovation during the 2nd quarter worth approximately $1,941,000. Finally, Northern Trust Corp acquired a new position in shares of Purple Innovation during the 2nd quarter worth approximately $328,000. 12.66% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was published by WKRB News and is the property of of WKRB News. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/08/purple-innovation-inc-prpl-major-shareholder-mvm-funds-llc-buys-4000-shares.html.

About Purple Innovation

Purple Innovation, Inc designs and manufactures mattresses, pillows, and cushions. The company markets and sells its products through direct-to-consumer and retail channels. Purple Innovation, Inc was founded in 2010 and is headquartered in Alpine, Utah.

Featured Story: Stop Order

Receive News & Ratings for Purple Innovation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Purple Innovation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply