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S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
An All-In-One Guide for Trading Metals (Ad)pixel
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
An All-In-One Guide for Trading Metals (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
An All-In-One Guide for Trading Metals (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
An All-In-One Guide for Trading Metals (Ad)pixel
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
An All-In-One Guide for Trading Metals (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
An All-In-One Guide for Trading Metals (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
An All-In-One Guide for Trading Metals (Ad)pixel
Denmark says Nord Stream 1 pipelines stop leaking
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
An All-In-One Guide for Trading Metals (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
An All-In-One Guide for Trading Metals (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
NASDAQ:PRPL

Purple Innovation - PRPL Stock Forecast, Price & News

$4.05
+0.04 (+1.00%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.94
$4.13
50-Day Range
$2.66
$4.22
52-Week Range
$2.65
$22.85
Volume
1.10 million shs
Average Volume
5.17 million shs
Market Capitalization
$336.51 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.75

Purple Innovation MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
42.0% Upside
$5.75 Price Target
Short Interest
Bearish
11.41% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.90mentions of Purple Innovation in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$117,580 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.44) to ($0.10) Per Share

Overall MarketRank

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

2.18 out of 5 stars

Consumer Staples Sector

77th out of 144 stocks

Household Furniture Industry

7th 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

Here's Why Purple Innovation Stock Skyrocketed Today
Purple Innovation Acquires Intellibed
Purple Innovation Announces Acquisition of Intellibed
Purple Innovation Reports Second Quarter 2022 Results
See More Headlines
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PRPL Company Calendar

Last Earnings
8/09/2022
Today
10/02/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

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
$5.75
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$4.50
Forecasted Upside/Downside
+42.0%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$4.03 million
Pretax Margin
-8.12%

Debt

Sales & Book Value

Annual Sales
$726.23 million
Book Value
$2.19 per share

Miscellaneous

Free Float
62,387,000
Market Cap
$336.51 million
Optionable
Not Optionable
Beta
1.91

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
  • Ms. Patrice A. Varni (Age 60)
    Chief Marketing Officer
    Comp: $398.61k
  • Mr. John A. Legg (Age 60)
    Advisor
    Comp: $392.39k
  • Mr. Eric Haynor
    Chief Operating Officer
  • Mr. George Turner Ulrich (Age 61)
    VP of Accounting & Financial Reporting
  • Misty Bond
    Director of Communications
  • Mr. John Jack Roddy IV (Age 54)
    Chief People Officer
  • Ms. Jodi Morrison Deputy (Age 47)
    Head of People













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 twelve months. There are currently 1 sell rating, 5 hold ratings and 2 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 2022?

8 Wall Street analysts have issued 12-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 stock price to reach $5.75 in the next year. This suggests a possible upside of 42.0% 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 start of the year. Since then, PRPL stock has decreased by 69.5% and is now trading at $4.05.
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, November 8th 2022.
View our PRPL earnings forecast
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) announced its quarterly earnings results on Tuesday, August, 9th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.06. The business had revenue of $144.10 million for the quarter, compared to the consensus estimate of $155.79 million. Purple Innovation had a negative net margin of 6.39% and a negative trailing twelve-month return on equity of 28.60%. The company's quarterly revenue was down 21.1% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS.

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

Purple Innovation issued an update on its FY 2022 earnings guidance on Tuesday, September, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $570.00 million-$590.00 million, compared to the consensus revenue estimate of $652.60 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."

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 $4.05.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $336.51 million and generates $726.23 million in revenue each year. The company earns $4.03 million in net income (profit) each year or ($0.74) 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 10/2/2022 by MarketBeat.com Staff

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