Q2 EPS Estimate for Purple Innovation Decreased by Analyst

Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) - Roth Capital dropped their Q2 2025 EPS estimates for shares of Purple Innovation in a report released on Thursday, May 8th. Roth Capital analyst M. Koranda now forecasts that the company will post earnings per share of ($0.13) for the quarter, down from their previous forecast of ($0.10). The consensus estimate for Purple Innovation's current full-year earnings is ($0.47) per share. Roth Capital also issued estimates for Purple Innovation's Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at $0.02 EPS, Q1 2026 earnings at ($0.10) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at ($0.22) EPS.

Purple Innovation (NASDAQ:PRPL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. Purple Innovation had a negative net margin of 21.34% and a negative return on equity of 84.67%. The company had revenue of $104.17 million during the quarter, compared to analysts' expectations of $104.17 million.

Separately, Wedbush reiterated a "neutral" rating and set a $1.00 target price on shares of Purple Innovation in a research note on Wednesday, March 26th.

Purple Innovation Stock Down 8.8%

Shares of PRPL stock traded down $0.08 on Monday, reaching $0.82. 453,089 shares of the stock were exchanged, compared to its average volume of 541,266. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81. The business's 50 day moving average price is $0.71 and its 200 day moving average price is $0.86. The company has a market capitalization of $88.85 million, a price-to-earnings ratio of -0.82 and a beta of 1.62. Purple Innovation has a twelve month low of $0.56 and a twelve month high of $1.56.

Hedge Funds Weigh In On Purple Innovation

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in Purple Innovation by 70.2% in the fourth quarter. SG Americas Securities LLC now owns 35,272 shares of the company's stock valued at $28,000 after acquiring an additional 14,548 shares in the last quarter. Bank of America Corp DE boosted its stake in Purple Innovation by 45.1% in the fourth quarter. Bank of America Corp DE now owns 55,984 shares of the company's stock valued at $44,000 after acquiring an additional 17,406 shares in the last quarter. Barclays PLC boosted its stake in Purple Innovation by 14.5% in the fourth quarter. Barclays PLC now owns 85,627 shares of the company's stock valued at $67,000 after acquiring an additional 10,824 shares in the last quarter. Townsquare Capital LLC acquired a new position in Purple Innovation in the fourth quarter valued at $73,000. Finally, B.O.S.S. Retirement Advisors LLC acquired a new position in Purple Innovation in the fourth quarter valued at $78,000. Institutional investors and hedge funds own 88.41% of the company's stock.

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.