No Street GP LP Lowers Holdings in Purple Innovation, Inc. (NASDAQ:PRPL)

No Street GP LP trimmed its stake in shares of Purple Innovation, Inc. (NASDAQ:PRPL) by 25.1% during the 4th quarter, Holdings Channel reports. The fund owned 4,904,030 shares of the company’s stock after selling 1,645,970 shares during the quarter. Purple Innovation makes up about 0.3% of No Street GP LP’s investment portfolio, making the stock its 27th largest position. No Street GP LP’s holdings in Purple Innovation were worth $3,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its holdings in Purple Innovation by 283.1% in the third quarter. Barclays PLC now owns 74,803 shares of the company’s stock valued at $74,000 after buying an additional 55,275 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Purple Innovation by 70.2% during the 4th quarter. SG Americas Securities LLC now owns 35,272 shares of the company’s stock valued at $28,000 after acquiring an additional 14,548 shares during the period. Dynamic Advisor Solutions LLC increased its stake in shares of Purple Innovation by 27.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 901,176 shares of the company’s stock valued at $703,000 after purchasing an additional 194,398 shares in the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Purple Innovation in the 4th quarter valued at about $78,000. Finally, Truist Financial Corp raised its holdings in Purple Innovation by 32.4% in the 4th quarter. Truist Financial Corp now owns 629,032 shares of the company’s stock worth $491,000 after purchasing an additional 154,032 shares during the period. 88.41% of the stock is currently owned by hedge funds and other institutional investors.

Purple Innovation Price Performance

Shares of NASDAQ PRPL opened at $0.90 on Wednesday. The firm has a market cap of $97.37 million, a PE ratio of -0.90 and a beta of 1.62. The firm has a fifty day moving average of $0.71 and a 200 day moving average of $0.86. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30. Purple Innovation, Inc. has a one year low of $0.56 and a one year high of $1.56.

Purple Innovation (NASDAQ:PRPL) last announced its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The business had revenue of $104.17 million for the quarter, compared to analyst estimates of $104.17 million. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. As a group, research analysts predict that Purple Innovation, Inc. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reissued a “neutral” rating and issued a $1.00 price objective on shares of Purple Innovation in a report on Wednesday, March 26th.

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.