Purple Innovation, Inc. (NASDAQ: PRPL) Director Coliseum Capital Management, L acquires 2,761,748 shares


Purple Innovation, Inc. (NASDAQ: PRPL) Coliseum Capital Management Director, L acquired 2,761,748 shares of the company in a transaction on Monday, December 20. The stock was purchased at an average price of $ 11.76 per share, for a total value of $ 32,478,156.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Coliseum Capital Management, L has also recently carried out the following transactions:

  • On Thursday, December 16, Coliseum Capital Management, L acquired 1,876,000 shares of Purple Innovation. The stock was purchased at an average price of $ 10.46 per share, for a total value of $ 19,622,960.00.

Actions of Action Innovation Violet traded up $ 0.50 in Monday’s session, reaching $ 12.25. 8,901,476 shares of the company were traded for an average volume of 1,354,234. The company has a leverage ratio of 0.24, a current ratio of 1.56 and a quick ratio of 0.93. Purple Innovation, Inc. has a one-year low at $ 8.79 and a one-year high at $ 41.08. The stock has a market cap of $ 819.87 million, a P / E ratio of 204.17, a PEG ratio of 61.22 and a beta of 1.32. The company has a 50-day simple moving average of $ 14.94 and a 200-day simple moving average of $ 21.63.

Purple Innovation (NASDAQ: PRPL) last released its results on Tuesday, November 9. The company reported ($ 0.07) earnings per share for the quarter, missing analyst consensus estimates of $ 0.17 per ($ 0.24). Purple Innovation had a net margin of 3.30% and a return on equity of 11.40%. During the same period of the previous year, the company posted earnings per share of $ 0.27. On average, stock analysts predict Purple Innovation, Inc. will post 0.02 earnings per share for the current fiscal year.

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Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million of Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the ticker symbol “KSCP.”

A number of hedge funds have recently bought and sold shares in the company. Wasatch Advisors Inc. increased its stake in Purple Innovation by 29.0% in the third quarter. Wasatch Advisors Inc. now owns 7,233,644 shares of the company valued at $ 152,051,000 after acquiring an additional 1,627,651 shares during the period. BlackRock Inc. increased its stake in Purple Innovation shares by 5.6% in the third quarter. BlackRock Inc. now owns 3,552,095 shares of the company valued at $ 74,666,000 after purchasing an additional 188,411 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in Purple Innovation shares by 311.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,495,867 shares of the company valued at $ 73,483,000 after purchasing an additional 2,645,735 shares during the period. Vanguard Group Inc. increased its stake in shares of Purple Innovation by 22.2% in the second quarter. Vanguard Group Inc. now owns 2,901,744 shares of the company valued at $ 76,634,000 after purchasing an additional 527,447 shares during the period. Finally, Hawk Ridge Capital Management LP increased its stake in Purple Innovation shares by 21.5% in the second quarter. Hawk Ridge Capital Management LP now owns 2,119,218 shares of the company valued at $ 55,969,000 after purchasing an additional 374,708 shares during the period.

PRPL has been the subject of a number of recent research reports. Craig Hallum downgraded Purple Innovation from a “buy” note to a “keep” note and cut his target price for the stock from $ 34.00 to $ 22.00 in a research note on Tuesday 28 September. B. Riley downgraded Purple Innovation from a “buy” rating to a “neutral” rating and lowered its target price for the share from $ 30.00 to $ 14.00 in a research note on Wednesday 10 November. KeyCorp reduced its target price on Purple Innovation from $ 25.00 to $ 22.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 14. Truist Securities lowered its target price on Purple Innovation from $ 12.00 to $ 10.00 and set a “hold” rating on the stock in a research note on Tuesday, December 14. Finally, Zacks investment research reduced Purple Innovation from a “keep” rating to a “strong sell” rating in a research note on Saturday, November 13. Two investment analysts rated the stock with a sell rating, six issued a conservation rating, and four assigned a buy rating to the stock. According to MarketBeat data, the stock currently has a consensus rating of “Hold” and an average price target of $ 20.38.

About Purple Innovation

Purple Innovation, Inc. engages in the design and manufacture of comfort technology products. It offers mattresses, bed pillows, seat cushions, mattress protectors and bamboo sheets. The company was founded by Terry V. Pearce and Tony Marion Pearce in 1989 and is headquartered in Lehi, Utah.

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