Purple Innovation (NASDAQ:PRPL – Get Free Report) released its earnings results on Monday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02), Zacks reports. The company had revenue of $120.27 million during the quarter, compared to analyst estimates of $127.41 million. Purple Innovation had a negative return on equity of 62.31% and a negative net margin of 26.97%. During the same quarter last year, the business earned ($0.20) earnings per share. Purple Innovation updated its FY 2024 guidance to EPS.
Purple Innovation Price Performance
PRPL stock traded down $0.10 during mid-day trading on Tuesday, reaching $1.08. The company’s stock had a trading volume of 642,345 shares, compared to its average volume of 653,837. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $1.16 and its two-hundred day moving average is $1.39. The stock has a market cap of $116.29 million, a PE ratio of -0.81 and a beta of 2.03. Purple Innovation has a fifty-two week low of $0.55 and a fifty-two week high of $3.31.
Insider Activity
In other Purple Innovation news, CEO Robert Demartini bought 138,834 shares of Purple Innovation stock in a transaction on Friday, June 28th. The shares were bought at an average price of $1.03 per share, for a total transaction of $142,999.02. Following the completion of the transaction, the chief executive officer now directly owns 663,669 shares of the company’s stock, valued at $683,579.07. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 54.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Purple Innovation
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.
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