Purple Innovation (NASDAQ:PRPL – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02), Zacks reports. Purple Innovation had a negative return on equity of 62.31% and a negative net margin of 26.97%. The firm had revenue of $120.27 million for the quarter, compared to the consensus estimate of $127.41 million. During the same quarter in the previous year, the business earned ($0.20) EPS. Purple Innovation updated its FY 2024 guidance to EPS.
Purple Innovation Price Performance
PRPL traded down $0.01 on Wednesday, hitting $1.07. 150,390 shares of the stock were exchanged, compared to its average volume of 650,509. The firm has a market capitalization of $115.22 million, a price-to-earnings ratio of -0.81 and a beta of 2.03. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.50 and a quick ratio of 0.75. Purple Innovation has a 12 month low of $0.55 and a 12 month high of $3.24. The business has a 50-day moving average of $1.16 and a two-hundred day moving average of $1.39.
Insider Buying and Selling at Purple Innovation
In other news, CEO Robert Demartini purchased 138,834 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was bought at an average price of $1.03 per share, with a total value of $142,999.02. Following the acquisition, the chief executive officer now owns 663,669 shares in the company, valued at approximately $683,579.07. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 54.30% of the company’s stock.
Analyst Ratings Changes
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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.
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