JPMorgan Chase & Co. Has $474,000 Stake in Purple Innovation, Inc. (NASDAQ:PRPL)

JPMorgan Chase & Co. grew its position in Purple Innovation, Inc. (NASDAQ:PRPL) by 2,140.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608,144 shares of the company’s stock after acquiring an additional 580,997 shares during the period. JPMorgan Chase & Co. owned 0.56% of Purple Innovation worth $474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PRPL. Dynamic Advisor Solutions LLC lifted its holdings in Purple Innovation by 27.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 901,176 shares of the company’s stock worth $703,000 after buying an additional 194,398 shares in the last quarter. Truist Financial Corp increased its stake in shares of Purple Innovation by 32.4% in the 4th quarter. Truist Financial Corp now owns 629,032 shares of the company’s stock valued at $491,000 after buying an additional 154,032 shares during the period. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of Purple Innovation during the fourth quarter worth $78,000. Barclays PLC lifted its stake in shares of Purple Innovation by 283.1% during the third quarter. Barclays PLC now owns 74,803 shares of the company’s stock valued at $74,000 after acquiring an additional 55,275 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Purple Innovation by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,346,073 shares of the company’s stock valued at $1,331,000 after acquiring an additional 16,033 shares during the period. 88.41% of the stock is owned by institutional investors and hedge funds.

Purple Innovation Price Performance

Shares of PRPL stock opened at $0.64 on Friday. 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 52-week low of $0.56 and a 52-week high of $1.75. The stock has a market cap of $69.23 million, a PE ratio of -0.64 and a beta of 2.08. The firm’s 50 day moving average price is $0.72 and its two-hundred day moving average price is $0.87.

Purple Innovation (NASDAQ:PRPL) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. The company had revenue of $128.98 million during the quarter, compared to analysts’ expectations of $129.39 million. As a group, analysts forecast that Purple Innovation, Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush reissued a “neutral” rating and set 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.