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 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.
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.
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