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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
These 2 Healthcare Stocks Have Doubled in 2023
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
These 2 Healthcare Stocks Have Doubled in 2023
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
These 2 Healthcare Stocks Have Doubled in 2023
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Institutions are Buying up Procter & Gamble Shares, Should you?
NASDAQ:PRPL

Purple Innovation - PRPL Stock Forecast, Price & News

$6.19
+0.39 (+6.72%)
(As of 02/1/2023 12:00 AM ET)
Add
Compare
Today's Range
$5.51
$6.25
50-Day Range
$4.31
$6.19
52-Week Range
$2.65
$8.60
Volume
1.30 million shs
Average Volume
403,937 shs
Market Capitalization
$568.43 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.11

Purple Innovation MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
1.3% Downside
$6.11 Price Target
Short Interest
Healthy
5.38% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.73mentions of Purple Innovation in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.31) to ($0.08) Per Share

Overall MarketRank

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

1.57 out of 5 stars

Consumer Staples Sector

129th out of 140 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.

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PRPL Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Purple Innovation (NASDAQ:PRPL) Stock Price Up 8.3%
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PURPLE APPOINTS SCOTT KERBY AS CHIEF OF OWNED RETAIL
KeyBanc Keeps Their Buy Rating on Purple Innovation (PRPL)
Purple to Participate in 2023 ICR Conference
PRPL Purple Innovation, Inc.
Purple Innovation: Higher Offer Is Likely
See More Headlines
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PRPL Company Calendar

Last Earnings
11/09/2022
Today
2/01/2023
Next Earnings (Estimated)
3/07/2023
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
$6.11
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$4.50
Forecasted Upside/Downside
-1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$4.03 million
Pretax Margin
-8.16%

Debt

Sales & Book Value

Annual Sales
$726.23 million
Book Value
$2.19 per share

Miscellaneous

Free Float
68,944,000
Market Cap
$568.43 million
Optionable
Not Optionable
Beta
1.58

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?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 1 sell rating, 4 hold ratings 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?

8 analysts have issued 12 month price targets for Purple Innovation's stock. Their PRPL share price forecasts range from $4.50 to $8.00. On average, they expect the company's share price to reach $6.11 in the next year. This suggests that the stock has a possible downside of 1.3%.
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 increased by 29.2% and is now trading at $6.19.
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, March 7th 2023.
View our PRPL earnings forecast
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) announced its quarterly earnings results on Wednesday, November, 9th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The company earned $143.28 million during the quarter, compared to analysts' expectations of $138.57 million. Purple Innovation had a negative net margin of 6.66% and a negative trailing twelve-month return on equity of 22.09%.

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

Purple Innovation updated its earnings guidance on Monday, January, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $574.00 million-$574.00 million, compared to the consensus revenue estimate of $579.75 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 many different retail and institutional investors. Top institutional shareholders include Lapides Asset Management LLC (0.55%), Quent Capital LLC (0.09%), New York State Common Retirement Fund (0.04%), Ironwood Investment Management LLC (0.03%), Bank of Montreal Can (0.00%) and Concourse Financial Group Securities Inc. (0.00%). 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 $6.19.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $568.43 million and generates $726.23 million in revenue each year. The company earns $4.03 million in net income (profit) each year or ($0.66) 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 2/2/2023 by MarketBeat.com Staff