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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
A fight over precious groundwater in a rural California town is rooted in carrots
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China
NASDAQ:PRPL

Purple Innovation (PRPL) Stock Forecast, Price & News

$1.71
+0.06 (+3.64%)
(As of 09/29/2023 ET)
Compare
Today's Range
$1.66
$1.77
50-Day Range
$1.51
$3.30
52-Week Range
$1.51
$6.76
Volume
876,643 shs
Average Volume
874,917 shs
Market Capitalization
$180.83 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.13

Purple Innovation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
199.7% Upside
$5.13 Price Target
Short Interest
Bearish
6.10% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.23mentions of Purple Innovation in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$22,200 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.33) to ($0.11) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Consumer Staples Sector

55th out of 134 stocks

Household Furniture Industry

6th out of 9 stocks


PRPL stock logo

About Purple Innovation (NASDAQ:PRPL) Stock

Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels, retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah.

PRPL Price History

PRPL Stock News Headlines

PURPLE APPOINTS TRICIA MCDERMOTT AS CHIEF LEGAL OFFICER
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
PURPLE APPOINTS TODD VOGENSEN AS CHIEF FINANCIAL OFFICER
7 Stocks to Buy Based on Unusual Options Activity
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Why Purple Innovation Stock Was Sinking Today
Q2 2023 Purple Innovation Inc Earnings Call
What Wall Street expects from Purple Innovation's earnings
PRPL - Purple Innovation, Inc.
Craig-Hallum Keeps Their Buy Rating on Purple Innovation (PRPL)
Massive Insider Trade At Purple Innovation
Purple Innovation (NASDAQ: PRPL)
Recap: Purple Innovation Q1 Earnings
Q1 2023 Purple Innovation Inc Earnings Call
See More Headlines
Receive PRPL Stock News and Ratings via Email

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PRPL Company Calendar

Last Earnings
8/09/2023
Today
10/01/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
N/A
Current Symbol
NASDAQ:PRPL
Fax
N/A
Employees
1,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.13
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$2.75
Forecasted Upside/Downside
+199.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-89,690,000.00
Pretax Margin
17.36%

Debt

Sales & Book Value

Annual Sales
$575.69 million
Book Value
$1.95 per share

Miscellaneous

Free Float
54,673,000
Market Cap
$180.83 million
Optionable
Not Optionable
Beta
1.59
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Key Executives

  • Mr. Robert T. DeMartini (Age 61)
    CEO & Director
    Comp: $662.37k
  • Mr. Bennett L. Nussbaum (Age 76)
    Interim CFO & Treasurer
    Comp: $1M
  • Mr. Eric Haynor
    Chief Operating Officer
  • Mr. Casey K. McGarvey (Age 63)
    Chief Legal Officer & Sec.
    Comp: $405.18k
  • Mr. John Jack Roddy IV (Age 55)
    Chief People Officer
    Comp: $548.08k
  • Mr. George Turner Ulrich (Age 62)
    VP of Accounting & Financial Reporting
  • Misty Bond
    Director of Communications
  • Ms. Keira Krausz (Age 57)
    Chief Marketing Officer
  • Mr. Jeff Hutchings
    Chief Innovation Officer
  • Mr. Jeffery Scott Kerby (Age 54)
    Chief of Owned Retail Officer













PRPL Stock - Frequently Asked Questions

Should I buy or sell Purple Innovation stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRPL shares.
View PRPL analyst ratings
or view top-rated stocks.

What is Purple Innovation's stock price forecast for 2023?

6 Wall Street analysts have issued 12-month target prices for Purple Innovation's shares. Their PRPL share price forecasts range from $2.75 to $8.00. On average, they expect the company's share price to reach $5.13 in the next year. This suggests a possible upside of 199.7% from the stock's current price.
View analysts price targets for PRPL
or view top-rated stocks among Wall Street analysts.

How have PRPL shares performed in 2023?

Purple Innovation's stock was trading at $4.79 at the start of the year. Since then, PRPL shares have decreased by 64.3% and is now trading at $1.71.
View the best growth stocks for 2023 here
.

When is Purple Innovation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our PRPL earnings forecast
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) issued its earnings results on Wednesday, August, 9th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.08. The company had revenue of $120.90 million for the quarter, compared to analyst estimates of $130.36 million. Purple Innovation had a negative net margin of 24.81% and a negative trailing twelve-month return on equity of 19.21%. The business's quarterly revenue was down 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share.

What guidance has Purple Innovation issued on next quarter's earnings?

Purple Innovation updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $560.00 million-$590.00 million, compared to the consensus revenue estimate of $588.37 million.

What is Joe Megibow's approval rating as Purple Innovation's CEO?

39 employees have rated Purple Innovation Chief Executive Officer Joe Megibow on Glassdoor.com. Joe Megibow has an approval rating of 77% among the company's employees.

What other stocks do shareholders of Purple Innovation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Purple Innovation investors own include Advanced Micro Devices (AMD), Pfizer (PFE), RTX (RTX), Tesla (TSLA), NVIDIA (NVDA), Procter & Gamble (PG), QUALCOMM (QCOM), Alibaba Group (BABA), Johnson & Johnson (JNJ) and AT&T (T).

What is Purple Innovation's stock symbol?

Purple Innovation trades on the NASDAQ under the ticker symbol "PRPL."

How do I buy shares of Purple Innovation?

Shares of PRPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Purple Innovation's stock price today?

One share of PRPL stock can currently be purchased for approximately $1.71.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $180.83 million and generates $575.69 million in revenue each year. The company earns $-89,690,000.00 in net income (profit) each year or ($1.34) on an earnings per share basis.

How many employees does Purple Innovation have?

The company employs 1,600 workers across the globe.

How can I contact Purple Innovation?

Purple Innovation's mailing address is 4100 N. CHAPEL RIDGE RD SUITE 200, LEHI UT, 84043. The official website for the company is www.purple.com. The company can be reached via phone at (801) 756-2600 or via email at ir@purple.com.

This page (NASDAQ:PRPL) was last updated on 10/1/2023 by MarketBeat.com Staff

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