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NASDAQ:PRPL

Purple Innovation (PRPL) Stock Forecast, Price & News

$5.06
+0.13 (+2.64%)
(As of 05/20/2022 04:00 PM ET)
Add
Compare
Today's Range
$4.73
$5.07
50-Day Range
$3.12
$7.94
52-Week Range
$2.99
$31.44
Volume
2.10 million shs
Average Volume
2.22 million shs
Market Capitalization
$338.86 million
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.74
30 days | 90 days | 365 days | Advanced Chart
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Purple Innovation logo

About Purple Innovation

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.

Headlines

See More Headlines

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

Sales & Book Value

Annual Sales
$726.23 million
Book Value
$3.38 per share

Profitability

Net Income
$4.03 million
Pretax Margin
-5.62%

Debt

Price-To-Earnings

Miscellaneous

Free Float
50,280,000
Market Cap
$338.86 million
Optionable
Not Optionable

Company Calendar

Last Earnings
5/10/2022
Today
5/20/2022
Next Earnings (Estimated)
8/08/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.52 out of 5 stars

Consumer Staples Sector

49th out of 186 stocks

Household Furniture Industry

5th out of 11 stocks

Analyst Opinion: 4.1Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -













Purple Innovation (NASDAQ:PRPL) Frequently Asked Questions

Is Purple Innovation a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.

When is Purple Innovation's next earnings date?

Purple Innovation is scheduled to release its next quarterly earnings announcement on Monday, August 8th 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, May, 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.11. The company earned $143.18 million during the quarter, compared to analyst estimates of $130.12 million. Purple Innovation had a negative trailing twelve-month return on equity of 23.87% and a negative net margin of 4.44%. The firm's quarterly revenue was down 23.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 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 2022 earnings guidance on Tuesday, May, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $650.00 million-$690.00 million, compared to the consensus revenue estimate of $747.86 million.

What price target have analysts set for PRPL?

10 equities research analysts have issued twelve-month target prices for Purple Innovation's shares. Their forecasts range from $4.50 to $35.00. On average, they anticipate Purple Innovation's share price to reach $12.20 in the next twelve months. This suggests a possible upside of 141.1% 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:
  • Mr. Robert T. DeMartini, CEO & Director (Age 60)
  • Mr. Bennett L. Nussbaum, Interim CFO & Treasurer (Age 75, Pay $220.97k)
  • Mr. Casey K. McGarvey, Chief Legal Officer & Sec. (Age 62, Pay $416.85k)
  • Ms. Patrice A. Varni, Chief Marketing Officer (Age 60, Pay $398.61k)
  • Mr. John A. Legg, Advisor (Age 60, Pay $392.39k)
  • Mr. George Turner Ulrich, VP of Accounting & Financial Reporting (Age 61)
  • Misty Bond, Director of Communications
  • Mr. John Jack Roddy IV, Chief People Officer (Age 54)
  • Ms. Jodi Morrison Deputy, Head of People (Age 47)
  • Mr. Verdi Ray White III, Chief Retail Officer (Age 43)
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 variety of institutional and retail investors. Top institutional investors include Van Berkom & Associates Inc. (6.62%), Schwartz Investment Counsel Inc. (5.86%), BlackRock Inc. (5.41%), Wasatch Advisors Inc. (4.73%), Vanguard Group Inc. (4.28%) and RBF Capital LLC (3.09%). Company insiders that own Purple Innovation stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, Jack Roddy, John A Legg, Pano Anthos, Paul J Zepf, Tony Marion Pearce and Verdi Ray White III.
View institutional ownership trends for Purple Innovation
.

Which institutional investors are selling Purple Innovation stock?

PRPL stock was sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Principal Financial Group Inc., Van Berkom & Associates Inc., Penserra Capital Management LLC, Walleye Trading LLC, PEAK6 Investments LLC, IMC Chicago LLC, and Exencial Wealth Advisors LLC. Company insiders that have sold Purple Innovation company stock in the last year include Coliseum Capital Management, L, and Pano Anthos.
View insider buying and selling activity for Purple Innovation
or view top insider-selling stocks.

Which institutional investors are buying Purple Innovation stock?

PRPL stock was bought by a variety of institutional investors in the last quarter, including RBF Capital LLC, Federated Hermes Inc., Freshford Capital Management LLC, Schwartz Investment Counsel Inc., Goldman Sachs Group Inc., Hawk Ridge Capital Management LP, JPMorgan Chase & Co., and Lapides Asset Management LLC. Company insiders that have bought Purple Innovation stock in the last two years include Casey Kale Mcgarvey, Coliseum Capital Management, L, and Jack Roddy.
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 $5.06.

How much money does Purple Innovation make?

Purple Innovation has a market capitalization of $338.86 million and generates $726.23 million in revenue each year. The company earns $4.03 million in net income (profit) each year or ($0.67) on an earnings per share basis.

How many employees does Purple Innovation have?

Purple Innovation employs 1,800 workers across the globe.

What is Purple Innovation's official website?

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

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 5/20/2022 by MarketBeat.com Staff

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