Barclays PLC Has $74,000 Stock Holdings in Purple Innovation, Inc. (NASDAQ:PRPL)

Barclays PLC raised its stake in Purple Innovation, Inc. (NASDAQ:PRPL) by 283.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,803 shares of the company’s stock after purchasing an additional 55,275 shares during the period. Barclays PLC’s holdings in Purple Innovation were worth $74,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wasatch Advisors LP boosted its holdings in shares of Purple Innovation by 25.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock worth $2,768,000 after buying an additional 560,407 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Purple Innovation by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company’s stock worth $453,000 after acquiring an additional 17,056 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in Purple Innovation during the second quarter worth approximately $144,000. Renaissance Technologies LLC boosted its holdings in shares of Purple Innovation by 316.3% during the second quarter. Renaissance Technologies LLC now owns 71,226 shares of the company’s stock worth $74,000 after acquiring an additional 54,116 shares during the period. Finally, Crumly & Associates Inc. grew its position in shares of Purple Innovation by 22.5% in the third quarter. Crumly & Associates Inc. now owns 81,763 shares of the company’s stock valued at $81,000 after purchasing an additional 15,000 shares during the last quarter. 88.41% of the stock is currently owned by institutional investors and hedge funds.

Purple Innovation Stock Performance

NASDAQ:PRPL opened at $0.84 on Friday. The stock has a 50 day simple moving average of $0.89 and a 200 day simple moving average of $1.02. The stock has a market cap of $90.69 million, a P/E ratio of -0.84 and a beta of 2.08. Purple Innovation, Inc. has a 1-year low of $0.69 and a 1-year high of $2.33. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81.

Purple Innovation (NASDAQ:PRPL) last posted its earnings results on Monday, November 4th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. The company had revenue of $118.60 million during the quarter, compared to the consensus estimate of $125.64 million. During the same quarter last year, the firm earned ($0.18) earnings per share. Research analysts anticipate that Purple Innovation, Inc. will post -0.47 earnings per share for the current year.

Purple Innovation 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.