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NASDAQ:PRPL

Purple Innovation (PRPL) Stock Forecast, Price & News

$3.07
-0.06 (-1.92%)
(As of 10:10 AM ET)
Compare
Today's Range
$3.04
$3.14
50-Day Range
$2.22
$3.62
52-Week Range
$2.20
$6.76
Volume
128,822 shs
Average Volume
1.05 million shs
Market Capitalization
$323.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.46

Purple Innovation MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
74.4% Upside
$5.46 Price Target
Short Interest
Bearish
5.56% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.37mentions of Purple Innovation in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$763,530 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.

2.06 out of 5 stars

Consumer Staples Sector

76th out of 139 stocks

Household Furniture Industry

6th out of 9 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.

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PRPL Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Massive Insider Trade At Purple Innovation
Purple Innovation (NASDAQ: PRPL)
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Recap: Purple Innovation Q1 Earnings
Q1 2023 Purple Innovation Inc Earnings Call
/C O R R E C T I O N -- Purple Innovation, Inc./
Top 10 Stocks Activist Investors Are Targeting
See More Headlines

PRPL Price History

PRPL Company Calendar

Last Earnings
5/10/2023
Today
6/09/2023
Next Earnings (Estimated)
8/08/2023
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
$5.46
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$2.75
Forecasted Upside/Downside
+74.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-89,690,000.00
Pretax Margin
21.23%

Debt

Sales & Book Value

Annual Sales
$541.89 million
Book Value
$1.95 per share

Miscellaneous

Free Float
54,540,000
Market Cap
$330.19 million
Optionable
Not Optionable
Beta
1.57

Key Executives

  • Robert T. DeMartini
    Chief Executive Officer & Director
  • Eric Haynor
    Chief Operating Officer
  • Bennett L. Nussbaum
    Chief Financial Officer & Treasurer
  • 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?

5 Wall Street research 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRPL, but not buy additional shares or sell existing shares.
View PRPL analyst ratings
or view top-rated stocks.

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

5 analysts have issued 12-month price targets for Purple Innovation's shares. Their PRPL share price forecasts range from $2.75 to $8.00. On average, they predict the company's stock price to reach $5.46 in the next year. This suggests a possible upside of 74.4% 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 on January 1st, 2023. Since then, PRPL stock has decreased by 34.7% and is now trading at $3.13.
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 Tuesday, August 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, May, 10th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. The firm had revenue of $109.37 million for the quarter, compared to analysts' expectations of $104.99 million. Purple Innovation had a negative net margin of 18.36% and a negative trailing twelve-month return on equity of 12.57%.

What ETF holds Purple Innovation's stock ?

Invesco Nasdaq Future Gen 200 ETF holds 6,502 shares of PRPL stock, representing 0.28% of its portfolio.

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

Purple Innovation issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $590.00 million-$615.00 million, compared to the consensus revenue estimate of $583.29 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 institutional and retail investors. Top institutional investors include FMR LLC (10.46%), No Street GP LP (4.89%), BlackRock Inc. (3.87%), Freshford Capital Management LLC (3.11%), Brandywine Global Investment Management LLC (2.68%) and Brandywine Global Investment Management LLC (2.68%). Insiders that own company stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, Eric Scott Haynor, Gary T Dicamillo, Jack Roddy, Jeffery Scott Kerby, John A Legg, Pano Anthos, Paul J Zepf, R Carter Pate, Robert Demartini, 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 $3.13.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $330.19 million and generates $541.89 million in revenue each year. The company earns $-89,690,000.00 in net income (profit) each year or ($1.08) 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 6/9/2023 by MarketBeat.com Staff

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