Purple Innovation Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Purple Innovation stock.
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Purple Innovation saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,580,000 shares, an increase of 32.6% from the February 28th total of 2,700,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is currently 2.8 days.
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Purple Innovation is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
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Purple Innovation, Inc. (NASDAQ:PRPL) issued its quarterly earnings results on Thursday, March, 4th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.04. The company earned $173.90 million during the quarter, compared to analysts' expectations of $196.19 million. Purple Innovation had a trailing twelve-month return on equity of 363.58% and a net margin of 0.28%. The company's revenue for the quarter was up 39.9% on a year-over-year basis. During the same period last year, the company posted ($0.29) EPS.
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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. Since then, PRPL stock has increased by 328.7% and is now trading at $35.54.
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Purple Innovation updated its FY 2021 Pre-Market earnings guidance on Thursday, March, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $840-880 million, compared to the consensus revenue estimate of $826.53 million.

10 equities research analysts have issued twelve-month price targets for Purple Innovation's stock. Their forecasts range from $32.00 to $41.00. On average, they anticipate Purple Innovation's stock price to reach $35.67 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
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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.

Some companies that are related to Purple Innovation include Tempur Sealy International (TPX), Leggett & Platt (LEG), Sleep Number (SNBR), La-Z-Boy (LZB), Compass Diversified (CODI), Kimball International (KBAL), Hooker Furniture (HOFT), Casper Sleep (CSPR), Flexsteel Industries (FLXS), Natuzzi (NTZ), Nova LifeStyle (NVFY), Luvu Brands (LUVU) and The Rowe Companies (ROWC).
View all of PRPL's competitors.

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), The Procter & Gamble (PG), QUALCOMM (QCOM), Alibaba Group (BABA), Johnson & Johnson (JNJ) and AT&T (T).

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

Purple Innovation's stock is owned by a number of retail and institutional investors. Top institutional investors include Calamos Advisors LLC (0.16%). Company insiders that own Purple Innovation stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, Innohold, Llc, John A Legg, John W Gann Jr, Joseph B Megibow, Pano Anthos, Paul J Zepf, Tony Marion Pearce and Verdi Ray White III.
View institutional ownership trends for Purple Innovation.

PRPL stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC. Company insiders that have sold Purple Innovation company stock in the last year include Casey Kale Mcgarvey, Craig Lee Phillips, John A Legg, Pano Anthos, Paul J Zepf, Tony Marion Pearce, and Verdi Ray White III.
View insider buying and selling activity for Purple Innovation or view top insider-selling stocks.

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.
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One share of PRPL stock can currently be purchased for approximately $35.54.

Purple Innovation has a market capitalization of $2.37 billion 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 1,600 workers across the globe.

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

Purple Innovation is headquartered at 4100 N. CHAPEL RIDGE RD SUITE 200, LEHI UT, 84043.

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]