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NASDAQ:PRPL

Purple Innovation Stock Forecast, Price & News

$20.11
-0.25 (-1.23 %)
(As of 10/25/2021 04:00 PM ET)
Add
Compare
Today's Range
$20.06
$20.64
50-Day Range
$20.00
$27.59
52-Week Range
$19.60
$41.08
Volume1.10 million shs
Average Volume1.13 million shs
Market Capitalization$1.34 billion
P/E Ratio223.44
Dividend YieldN/A
Beta1.26
30 days | 90 days | 365 days | Advanced Chart
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Purple Innovation logo

About Purple Innovation

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.

Headlines

See More Headlines

Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$648.47 million
Cash Flow
$0.70 per share
Book Value
$1.05 per share

Profitability

Net Income
$-236.87 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$1.34 billion
Next Earnings Date
11/9/2021 (Estimated)
Optionable
Not Optionable

MarketRank

Overall MarketRank

2.69 out of 5 stars

Consumer Staples Sector

35th out of 181 stocks

Household Furniture Industry

2nd out of 12 stocks

Analyst Opinion: 3.5Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -












Purple Innovation (NASDAQ:PRPL) Frequently Asked Questions

Is Purple Innovation a buy right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Purple Innovation stock.
View analyst ratings for Purple Innovation
or view top-rated stocks.

What stocks does MarketBeat like better than Purple Innovation?

Wall Street analysts have given Purple Innovation a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Purple Innovation wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Purple Innovation's next earnings date?

Purple Innovation is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 2021.
View our earnings forecast for Purple Innovation
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) issued its earnings results on Monday, August, 9th. The company reported $0.05 EPS for the quarter, missing the Zacks' consensus estimate of $0.13 by $0.08. The company earned $182.60 million during the quarter, compared to the consensus estimate of $181.70 million. Purple Innovation had a trailing twelve-month return on equity of 35.36% and a net margin of 2.79%. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year.
View Purple Innovation's earnings history
.

How has Purple Innovation's stock price been impacted by COVID-19?

Purple Innovation's stock was trading at $8.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PRPL shares have increased by 142.6% and is now trading at $20.11.
View which stocks have been most impacted by COVID-19
.

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

Purple Innovation issued an update on its FY 2021 earnings guidance on Monday, September, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $820 million-$850 million, compared to the consensus revenue estimate of $821.03 million.

What price target have analysts set for PRPL?

11 Wall Street analysts have issued 12-month target prices for Purple Innovation's stock. Their forecasts range from $22.00 to $45.00. On average, they expect Purple Innovation's share price to reach $34.10 in the next year. This suggests a possible upside of 69.6% from the stock's current price.
View analysts' price targets for Purple Innovation
or view top-rated stocks among Wall Street analysts.

Who are Purple Innovation's key executives?

Purple Innovation's management team includes the following people:
  • Joseph B. Megibow, Chief Executive Officer & Director
  • John A. Legg, Chief Operating Officer
  • Bennett L. Nussbaum, Chief Financial Officer
  • Russell Whatcott, Innovation Director
  • Verdi Ray White, Chief Retail Officer

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

39 employees have rated Purple Innovation CEO Joe Megibow on Glassdoor.com. Joe Megibow has an approval rating of 77% among Purple Innovation'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), The 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 shareholders include Scout Investments Inc. (0.48%) and Stephenson National Bank & Trust (0.00%). Company insiders that own Purple Innovation stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, Innohold, Llc, John A Legg, John W Gann Jr, Pano Anthos, Paul J Zepf, Tony Marion Pearce and Verdi Ray White III.
View institutional ownership trends for Purple Innovation
.

Which major investors are buying Purple Innovation stock?

PRPL stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., and Stephenson National Bank & Trust.
View insider buying and selling activity for Purple Innovation
or or view top insider-buying stocks.

How do I buy shares of Purple Innovation?

Shares of PRPL 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 $20.11.

How much money does Purple Innovation make?

Purple Innovation has a market capitalization of $1.34 billion and generates $648.47 million in revenue each year. The company earns $-236.87 million in net income (profit) each year or $0.78 on an earnings per share basis.

How many employees does Purple Innovation have?

Purple Innovation employs 1,600 workers across the globe.

What is Purple Innovation's official website?

The official website for Purple Innovation is www.purple.com.

Where are Purple Innovation's headquarters?

Purple Innovation is headquartered at 4100 N. CHAPEL RIDGE RD SUITE 200, LEHI UT, 84043.

How can I contact Purple Innovation?

Purple Innovation's mailing address is 4100 N. CHAPEL RIDGE RD SUITE 200, LEHI UT, 84043. The company can be reached via phone at (801) 756-2600 or via email at [email protected].


This page was last updated on 10/25/2021 by MarketBeat.com Staff

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