NASDAQ:PRPL

Purple Innovation (PRPL) Stock Price, News & Analysis

$1.50
+0.03 (+2.04%)
(As of 04/22/2024 ET)
Today's Range
$1.45
$1.57
50-Day Range
$1.31
$2.08
52-Week Range
$0.55
$3.78
Volume
365,018 shs
Average Volume
599,599 shs
Market Capitalization
$160.82 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.95

Purple Innovation MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
163.3% Upside
$3.95 Price Target
Short Interest
Healthy
5.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$6,080 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.34) to ($0.18) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.35 out of 5 stars

Consumer Staples Sector

67th out of 134 stocks

Household Furniture Industry

5th out of 8 stocks

PRPL stock logo

About Purple Innovation Stock (NASDAQ:PRPL)

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. It markets and sells its products through its e-commerce online channels, retail brick-and-mortar wholesale partners, third-party online retailers, and Purple showrooms, as well as through its website, Purple.com. The company was founded in 2010 and is headquartered in Lehi, Utah.

PRPL Stock Price History

PRPL Stock News Headlines

Purple Innovation: Shares Unlikely To Wake Up
The Hard Truth About Investing For Retirement
Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.
PRPL Apr 2024 2.000 call
PRPL Mar 2024 5.000 call
Inducement Grants to Executive Officers
The Hard Truth About Investing For Retirement
Here’s the cold, hard truth about investing: The more capital you have, the more risk averse you can afford to be. But when you’re staring down the barrel of retirement and you’ve only got 5, 10, 50 or $100,000 saved, you’ve got to be more aggressive. In an exclusive online training, the Market expert Steven Place is revealing a powerful “roadmap” that’s leading everyday investors to easy, triple-digit wins, even if they don’t have a lot of experience in trading.
Q4 2023 Purple Innovation Inc Earnings Call
Purple Innovation: Q4 Earnings Snapshot
Purple Patch Consulting Is Paving a New Way in the World of Work
PRPL Mar 2024 0.500 call
See More Headlines
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Company Calendar

Last Earnings
3/12/2024
Today
4/23/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
N/A
Current Symbol
NASDAQ:PRPL
Fax
N/A
Employees
1,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.95
High Stock Price Target
$8.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+163.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-120,760,000.00
Pretax Margin
-23.74%

Debt

Sales & Book Value

Annual Sales
$510.54 million
Book Value
$1.09 per share

Miscellaneous

Free Float
55,429,000
Market Cap
$160.82 million
Optionable
Optionable
Beta
1.98
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Key Executives

  • Mr. Robert T. DeMartini (Age 62)
    CEO & Director
    Comp: $662.37k
  • Mr. Eric S. Haynor (Age 60)
    Chief Operating Officer
    Comp: $759.82k
  • Mr. John Jack Roddy IV (Age 56)
    Chief People Officer
    Comp: $548.08k
  • Mr. Todd E. Vogensen (Age 55)
    Chief Financial Officer
  • Mr. George Turner Ulrich (Age 63)
    Vice President of Accounting & Financial Reporting
  • Ms. Tricia McDermott Thompkins (Age 51)
    Chief Legal Officer
  • Misty Bond
    Director of Communications
  • Ms. Keira M. Krausz (Age 58)
    Chief Marketing Officer
  • Mr. Jeffrey L. Hutchings (Age 56)
    Chief Innovation Officer
  • Mr. Jeffery Scott Kerby (Age 54)
    Chief of Owned Retail Officer

PRPL Stock Analysis - Frequently Asked Questions

Should I buy or sell Purple Innovation stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

6 brokers have issued twelve-month target prices for Purple Innovation's shares. Their PRPL share price targets range from $2.00 to $8.00. On average, they expect the company's stock price to reach $3.95 in the next twelve months. This suggests a possible upside of 163.3% 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 2024?

Purple Innovation's stock was trading at $1.03 at the beginning of the year. Since then, PRPL shares have increased by 45.6% and is now trading at $1.50.
View the best growth stocks for 2024 here
.

When is Purple Innovation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PRPL earnings forecast
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) released its quarterly earnings results on Tuesday, March, 12th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.04. The firm earned $145.94 million during the quarter, compared to analysts' expectations of $145.43 million. Purple Innovation had a negative trailing twelve-month return on equity of 42.60% and a negative net margin of 22.31%.

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

Purple Innovation updated its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $540.0 million-$560.0 million, compared to the consensus revenue estimate of $546.5 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).

Who are Purple Innovation's major shareholders?

Purple Innovation's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (2.10%) and Dynamic Advisor Solutions LLC (0.70%). Insiders that own company stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Eric Scott Haynor, Gary T Dicamillo, George Turner Ulrich, Jack Roddy, Jeffery Scott Kerby, Pano Anthos, R Carter Pate and Robert Demartini.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PRPL) was last updated on 4/23/2024 by MarketBeat.com Staff

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