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NASDAQ:PRPL

Purple Innovation Stock Forecast, Price & News

$11.09
-0.45 (-3.90%)
(As of 11/26/2021 04:00 PM ET)
Add
Compare
Today's Range
$10.80
$11.43
50-Day Range
$11.09
$23.01
52-Week Range
$10.80
$41.08
Volume
1.01 million shs
Average Volume
1.24 million shs
Market Capitalization
$742.23 million
P/E Ratio
184.83
Dividend Yield
N/A
Beta
1.22
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

Comparing Purple Innovation (PRPL) and Its Rivals
November 23, 2021 |  americanbankingnews.com
Purple Innovation (NASDAQ:PRPL) Hits New 12-Month Low at $11.93
November 22, 2021 |  americanbankingnews.com
Purple Innovation (PRPL) versus Its Competitors Critical Analysis
November 21, 2021 |  americanbankingnews.com
Critical Survey: Purple Innovation (PRPL) and Its Rivals
November 20, 2021 |  americanbankingnews.com
Head-To-Head Comparison: Purple Innovation (PRPL) versus Its Peers
November 20, 2021 |  americanbankingnews.com
Analyzing Purple Innovation (PRPL) and Its Competitors
November 19, 2021 |  americanbankingnews.com
See More Headlines

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

Sales & Book Value

Annual Sales
$648.47 million
Cash Flow
$0.64 per share
Book Value
$2.47 per share

Profitability

Net Income
$-236.87 million
Pretax Margin
-7.68%

Debt

Price-To-Earnings

Miscellaneous

Free Float
50,168,000
Market Cap
$742.23 million
Optionable
Not Optionable

Company Calendar

Last Earnings
11/09/2021
Today
11/26/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/03/2022

MarketRank

Overall MarketRank

2.46 out of 5 stars

Consumer Staples Sector

55th out of 184 stocks

Household Furniture Industry

3rd out of 12 stocks

Analyst Opinion: 4.1Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












Purple Innovation (NASDAQ:PRPL) Frequently Asked Questions

Is Purple Innovation a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Purple Innovation stock. 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 analyst ratings for Purple Innovation
or view top-rated stocks.

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

Purple Innovation's stock was trading at $8.29 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PRPL stock has increased by 33.8% and is now trading at $11.09.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Purple Innovation?

Purple Innovation saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 7,530,000 shares, an increase of 29.2% from the September 30th total of 5,830,000 shares. Based on an average daily volume of 959,600 shares, the days-to-cover ratio is currently 7.8 days. Approximately 11.4% of the company's stock are short sold.
View Purple Innovation's Short Interest
.

When is Purple Innovation's next earnings date?

Purple Innovation is scheduled to release its next quarterly earnings announcement on Thursday, March 3rd 2022.
View our earnings forecast for Purple Innovation
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) issued its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.17 by $0.24. Purple Innovation had a trailing twelve-month return on equity of 11.40% and a net margin of 3.30%. During the same period in the previous year, the business earned $0.27 EPS.
View Purple Innovation's earnings history
.

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

Purple Innovation issued an update on its FY 2021 earnings guidance on Tuesday, November, 23rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $720 million-$740 million, compared to the consensus revenue estimate of $821.09 million.

What price target have analysts set for PRPL?

12 brokers have issued 12-month target prices for Purple Innovation's stock. Their forecasts range from $12.00 to $45.00. On average, they expect Purple Innovation's stock price to reach $21.27 in the next twelve months. This suggests a possible upside of 91.8% 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), 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 shareholders include Wasatch Advisors Inc. (10.83%), BlackRock Inc. (5.32%), ArrowMark Colorado Holdings LLC (5.23%), Janus Henderson Group PLC (5.11%), Lord Abbett & CO. LLC (2.24%) and Principal Financial Group Inc. (1.86%). Company insiders that own Purple Innovation stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, John A Legg, Pano Anthos, Paul J Zepf, Tony Marion Pearce and Verdi Ray White III.
View institutional ownership trends for Purple Innovation
.

Which major investors are selling Purple Innovation stock?

PRPL stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Manatuck Hill Partners LLC, Jane Street Group LLC, Penserra Capital Management LLC, GSA Capital Partners LLP, Cubist Systematic Strategies LLC, Millennium Management LLC, and UBS Group AG. Company insiders that have sold Purple Innovation company stock in the last year include Casey Kale Mcgarvey, Coliseum Capital Management, L, and Pano Anthos.
View insider buying and selling activity for Purple Innovation
or view top insider-selling stocks.

Which major investors are buying Purple Innovation stock?

PRPL stock was purchased by a variety of institutional investors in the last quarter, including ArrowMark Colorado Holdings LLC, Wasatch Advisors Inc., Scout Investments Inc., Stony Point Capital LLC, Voloridge Investment Management LLC, BlackRock Inc., Alberta Investment Management Corp, and Bayberry Capital Partners LP.
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 $11.09.

How much money does Purple Innovation make?

Purple Innovation has a market capitalization of $742.23 million and generates $648.47 million in revenue each year. The company earns $-236.87 million in net income (profit) each year or $0.06 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 11/26/2021 by MarketBeat.com Staff

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