Roth Capital Predicts Reduced Earnings for Purple Innovation

Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) - Roth Capital lowered their Q2 2025 earnings estimates for shares of Purple Innovation in a note issued to investors on Thursday, May 8th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings per share of ($0.13) for the quarter, down from their previous estimate 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.

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

Purple Innovation Stock Down 0.1%

PRPL stock traded down $0.00 during trading hours on Monday, reaching $0.87. 40,811 shares of the stock were exchanged, compared to its average volume of 539,762. The firm's 50-day moving average is $0.72 and its 200-day moving average is $0.86. Purple Innovation has a 12 month low of $0.56 and a 12 month high of $1.51. The company has a market cap of $93.71 million, a price-to-earnings ratio of -0.87 and a beta of 1.62. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 0.67.

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

Institutional Trading of Purple Innovation

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its position 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 purchasing an additional 14,548 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Purple Innovation in the first quarter valued at about $28,000. Bank of America Corp DE increased its position in shares of 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 during the last quarter. Barclays PLC raised its holdings in Purple Innovation by 283.1% during the third quarter. Barclays PLC now owns 74,803 shares of the company's stock worth $74,000 after acquiring an additional 55,275 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in Purple Innovation during the fourth quarter valued at approximately $73,000. 88.41% of the stock is currently owned by institutional investors and hedge funds.

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.