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NASDAQ:PRPL

Purple Innovation - PRPL Stock Forecast, Price & News

$5.09
-0.12 (-2.30%)
(As of 12/6/2022 11:04 AM ET)
Add
Compare
Today's Range
$5.09
$5.23
50-Day Range
$3.41
$5.44
52-Week Range
$2.65
$14.15
Volume
3,897 shs
Average Volume
946,931 shs
Market Capitalization
$467.41 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.78

Purple Innovation MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
11.1% Upside
$5.78 Price Target
Short Interest
Healthy
6.64% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$117,580 Bought Last Quarter
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.

1.97 out of 5 stars

Consumer Staples Sector

94th out of 143 stocks

Household Furniture Industry

8th out of 9 stocks

PRPL stock logo

About Purple Innovation (NASDAQ:PRPL) Stock

Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, weighted blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah.

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PRPL Stock News Headlines

Analysts Set Purple Innovation, Inc. (NASDAQ:PRPL) PT at $5.78
Purple Innovation: Higher Offer Is Likely
Purple Innovation Pops On Q3 Earnings Beat
Purple Innovation Reports Third Quarter 2022 Results
Purple Appoints Keira Krausz as Chief Marketing Officer
Here's Why Purple Innovation Stock Skyrocketed Today
See More Headlines
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PRPL Company Calendar

Last Earnings
11/09/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/07/2023

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
$5.78
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$4.50
Forecasted Upside/Downside
+13.5%
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
59,651,000
Market Cap
$467.41 million
Optionable
Not Optionable
Beta
1.53

Key Executives

  • Mr. Robert T. DeMartini (Age 60)
    CEO & Director
  • Mr. Bennett L. Nussbaum (Age 75)
    Interim CFO & Treasurer
    Comp: $220.97k
  • Mr. Casey K. McGarvey (Age 62)
    Chief Legal Officer & Sec.
    Comp: $416.85k
  • Mr. Eric Haynor
    Chief Operating Officer
  • Mr. George Turner Ulrich (Age 61)
    VP of Accounting & Financial Reporting
  • Misty Bond
    Director of Communications
  • Ms. Keira Krausz (Age 56)
    Chief Marketing Officer
  • Mr. John Jack Roddy IV (Age 54)
    Chief People Officer
  • Ms. Jodi Morrison Deputy (Age 47)
    Head of People
  • Mr. Verdi Ray White III (Age 43)
    Chief Retail Officer













PRPL Stock - Frequently Asked Questions

Should I buy or sell Purple Innovation stock right now?

8 Wall Street 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 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 equities research analysts have issued twelve-month price targets for Purple Innovation's shares. Their PRPL share price forecasts range from $4.50 to $8.00. On average, they anticipate the company's share price to reach $5.78 in the next year. This suggests a possible upside of 10.9% 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 2022?

Purple Innovation's stock was trading at $13.27 at the beginning of 2022. Since then, PRPL shares have decreased by 60.7% and is now trading at $5.21.
View the best growth stocks for 2022 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 data on Wednesday, November, 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. The firm earned $143.28 million during the quarter, compared to analyst estimates of $138.57 million. Purple Innovation had a negative trailing twelve-month return on equity of 22.09% and a negative net margin of 6.66%.

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

Purple Innovation issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $570.00 million-$590.00 million, compared to the consensus revenue estimate of $578.66 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 investors include BlackRock Inc. (4.32%), Freshford Capital Management LLC (4.21%), Brandywine Global Investment Management LLC (2.93%), Vanguard Group Inc. (2.80%), Federated Hermes Inc. (2.33%) and State Street Corp (1.38%). 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 $5.21.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $478.42 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 12/6/2022 by MarketBeat.com Staff