S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
The gold catalyst we’ve waited for (Ad)
First Republic Bank Hits New Low, Dimon Pushes for More Cash
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Ad)pixel
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
The gold catalyst we’ve waited for (Ad)
First Republic Bank Hits New Low, Dimon Pushes for More Cash
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Ad)pixel
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
The gold catalyst we’ve waited for (Ad)
First Republic Bank Hits New Low, Dimon Pushes for More Cash
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Ad)pixel
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
S&P 500   3,951.57
DOW   32,244.58
QQQ   305.97
5 Tech Stocks With Bank-Like Dividend Yields
The gold catalyst we’ve waited for (Ad)
First Republic Bank Hits New Low, Dimon Pushes for More Cash
GBTC: The One Place to Buy Bitcoin for 58 Cents on the Dollar
Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Ad)pixel
Mullen Automotive: Investment? No. Compelling Speculation, Yes 
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better?
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
NASDAQ:PRPL

Purple Innovation - PRPL Stock Forecast, Price & News

$2.60
-0.05 (-1.89%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$2.51
$2.75
50-Day Range
$2.60
$6.37
52-Week Range
$2.33
$7.90
Volume
1.07 million shs
Average Volume
900,735 shs
Market Capitalization
$238.76 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.00

Purple Innovation MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
130.8% Upside
$6.00 Price Target
Short Interest
Healthy
6.46% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Purple Innovation in the last 14 days
Based on 18 Articles This Week
Insider Trading
Acquiring Shares
$26.82 M Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.25 out of 5 stars

Consumer Staples Sector

60th out of 136 stocks

Household Furniture Industry

6th out of 8 stocks


PRPL stock logo

About Purple Innovation (NASDAQ:PRPL) Stock

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

Receive PRPL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Purple Innovation and its competitors with MarketBeat's FREE daily newsletter.

PRPL Stock News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Q4 2022 Purple Innovation Inc Earnings Call
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Purple Innovation Earnings Preview
See More Headlines
Receive PRPL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Purple Innovation and its competitors with MarketBeat's FREE daily newsletter.

PRPL Company Calendar

Last Earnings
3/16/2023
Today
3/20/2023
Next Earnings (Estimated)
5/09/2023
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
1,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.00
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+130.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$4.03 million
Pretax Margin
-8.16%

Debt

Sales & Book Value

Annual Sales
$575.69 million
Book Value
$2.19 per share

Miscellaneous

Free Float
68,944,000
Market Cap
$238.76 million
Optionable
Not Optionable
Beta
1.66

Key Executives

  • Robert T. DeMartini
    Chief Executive Officer & Director
  • Eric Haynor
    Chief Operating Officer
  • Bennett L. Nussbaum
    Chief Financial Officer
  • Russell Whatcott
    Innovation Director
  • Verdi Ray White
    Chief Retail Officer













PRPL Stock - Frequently Asked Questions

Should I buy or sell Purple Innovation stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PRPL shares.
View PRPL analyst ratings
or view top-rated stocks.

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

4 Wall Street research analysts have issued 1-year target prices for Purple Innovation's shares. Their PRPL share price forecasts range from $3.00 to $8.00. On average, they predict the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 130.8% 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 45.7% and is now trading at $2.60.
View the best growth stocks for 2023 here
.

Are investors shorting Purple Innovation?

Purple Innovation saw a drop in short interest in February. As of February 28th, there was short interest totaling 5,930,000 shares, a drop of 13.0% from the February 13th total of 6,820,000 shares. Based on an average trading volume of 716,200 shares, the days-to-cover ratio is presently 8.3 days.
View Purple Innovation's Short Interest
.

When is Purple Innovation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our PRPL earnings forecast
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) posted its quarterly earnings data on Thursday, March, 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.04. The business earned $145.10 million during the quarter, compared to analysts' expectations of $143.48 million. Purple Innovation had a negative net margin of 15.58% and a negative trailing twelve-month return on equity of 13.66%. Purple Innovation's quarterly revenue was down 22.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) earnings per share.

What ETF holds Purple Innovation's stock ?

Invesco Nasdaq Future Gen 200 ETF holds 4,911 shares of PRPL stock, representing 0.32% of its portfolio.

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

Purple Innovation updated its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $105.00 million-$105.00 million, compared to the consensus revenue estimate of $137.13 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), Raytheon Technologies (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."

Who are Purple Innovation's major shareholders?

Purple Innovation's stock is owned by a number of retail and institutional investors. Top institutional investors include Brandywine Global Investment Management LLC (3.03%), Bank of America Corp DE (1.96%), Schwartz Investment Counsel Inc. (1.81%), Geode Capital Management LLC (1.06%), Lapides Asset Management LLC (0.55%) and Manatuck Hill Partners LLC (0.54%). Insiders that own company stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, Gary T Dicamillo, Jack Roddy, John A Legg, Pano Anthos, Paul J Zepf, Tony Marion Pearce and Verdi Ray White III.
View institutional ownership trends
.

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 $2.60.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $238.76 million and generates $575.69 million in revenue each year. The company earns $4.03 million in net income (profit) each year or ($1.04) on an earnings per share basis.

How many employees does Purple Innovation have?

The company employs 1,800 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 3/21/2023 by MarketBeat.com Staff