NASDAQ:PRPLPurple Innovation Stock Price, Forecast & News

Purple Innovation's stock was trading at $8.29 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PRPL shares have increased by 87.1% and is now trading at $15.51. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Purple Innovation.

Purple Innovation is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for Purple Innovation.

Purple Innovation Inc (NASDAQ:PRPL) announced its earnings results on Monday, May, 11th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.06. The firm had revenue of $122.38 million for the quarter, compared to analyst estimates of $104.80 million. Purple Innovation had a net margin of 1.06% and a return on equity of 528.14%. View Purple Innovation's earnings history.

Purple Innovation updated its FY 2020 After-Hours earnings guidance on Monday, March, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $550-575 million, compared to the consensus revenue estimate of $540.93 million.

6 analysts have issued 12-month price objectives for Purple Innovation's stock. Their forecasts range from $10.00 to $19.00. On average, they expect Purple Innovation's share price to reach $14.67 in the next year. This suggests that the stock has a possible downside of 5.4%. View analysts' price targets for Purple Innovation.

Headlines about PRPL stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Purple Innovation earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an impact on the company's share price in the near future. View the latest news aboutPurple Innovation.

Some companies that are related to Purple Innovation include La-Z-Boy (LZB), Compass Diversified (CODI), Sleep Number (SNBR), Kimball International (KBAL), Hooker Furniture (HOFT), Flexsteel Industries (FLXS), Natuzzi, S.p.A (NTZ), Nova Lifestyle (NVFY) and Luvu Brands (LUVU). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Purple Innovation investors own include AT&T (T), Honeywell International (HON), Verizon Communications (VZ), Cisco Systems (CSCO), CVS Health (CVS), Home Depot (HD), Johnson & Johnson (JNJ), Procter & Gamble (PG), QUALCOMM (QCOM) and Tesla (TSLA).

Purple Innovation trades on the NASDAQ under the ticker symbol "PRPL."

Purple Innovation's stock is owned by many different retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.13%), Wasatch Advisors Inc. (1.09%), Principal Financial Group Inc. (0.90%), Rip Road Capital Partners LP (0.83%), BlackRock Inc. (0.79%) and Sontag Advisory LLC (0.70%). Company insiders that own Purple Innovation stock include Coliseum Capital Management, L, Innohold, Llc, John A Legg, John W Gann Jr, Joseph B Megibow and Tony Marion Pearce. View institutional ownership trends for Purple Innovation.

PRPL stock was sold by a variety of institutional investors in the last quarter, including Rip Road Capital Partners LP, and UBS Group AG. Company insiders that have sold Purple Innovation company stock in the last year include Innohold, Llc, John W Gann Jr, and Tony Marion Pearce. View insider buying and selling activity for Purple Innovation.

PRPL stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Wasatch Advisors Inc., Principal Financial Group Inc., Sontag Advisory LLC, Nuveen Asset Management LLC, Wells Fargo & Company MN, BlackRock Inc., and AQR Capital Management LLC. Company insiders that have bought Purple Innovation stock in the last two years include Coliseum Capital Management, L, John A Legg, and Joseph B Megibow. View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PRPL stock can currently be purchased for approximately $15.51.

Purple Innovation has a market capitalization of $835.83 million and generates $428.36 million in revenue each year. The company earns $-4,030,000.00 in net income (profit) each year or $1.42 on an earnings per share basis. Purple Innovation employs 620 workers across the globe.

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

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]