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NASDAQ:PRPL

Purple Innovation Stock Forecast, Price & News

$37.22
-0.52 (-1.38 %)
(As of 02/25/2021 02:13 PM ET)
Add
Compare
Today's Range
$36.61
Now: $37.22
$39.43
50-Day Range
$33.54
MA: $36.71
$40.05
52-Week Range
$4.42
Now: $37.22
$41.08
Volume22,959 shs
Average Volume901,611 shs
Market Capitalization$2.29 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.34
Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. It also offers sheets, mattress protector, bed frames, seat cushions, and weighted blanket and duvets. The company markets and sells its products through direct-to-consumer online channels, retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through its factory outlet and the company owned showrooms. Purple Innovation, Inc. was founded in 2010 and is headquartered in Lehi, Utah.
Purple Innovation logo

Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryN/A
Current SymbolNASDAQ:PRPL
CUSIPN/A
Phone801-756-2600
Employees850
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$428.36 million
Cash Flow$0.37 per share
Book Value($0.09) per share

Profitability

Net Income$-4,030,000.00

Miscellaneous

Market Cap$2.29 billion
Next Earnings Date3/4/2021 (Confirmed)
OptionableNot Optionable

MarketRank

Overall MarketRank

2.08 out of 5 stars

Consumer Staples Sector

27th out of 299 stocks

Household Furniture Industry

2nd out of 14 stocks

Analyst Opinion: 2.5Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
$37.22
-0.52 (-1.38 %)
(As of 02/25/2021 02:13 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Purple Innovation stock.
View analyst ratings for Purple Innovation
or view top-rated stocks.

What stocks does MarketBeat like better than Purple Innovation?

Wall Street analysts have given Purple Innovation a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Purple Innovation wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Purple Innovation?

Purple Innovation saw a decrease in short interest in January. As of January 15th, there was short interest totaling 2,630,000 shares, a decrease of 19.6% from the December 31st total of 3,270,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is currently 2.3 days.
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 4th 2021.
View our earnings forecast for Purple Innovation
.

How can I listen to Purple Innovation's earnings call?

Purple Innovation will be holding an earnings conference call on Thursday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) released its quarterly earnings results on Saturday, November, 14th. The company reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.03. The firm earned $187.11 million during the quarter, compared to analysts' expectations of $175.40 million. Purple Innovation had a net margin of 0.28% and a trailing twelve-month return on equity of 363.58%. The firm's revenue for the quarter was up 59.4% compared to the same quarter last year.
View Purple Innovation's earnings history
.

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 (WHO). Since then, PRPL stock has increased by 352.2% and is now trading at $37.49.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for PRPL?

10 equities research analysts have issued 1-year price targets for Purple Innovation's stock. Their forecasts range from $32.00 to $43.00. On average, they expect Purple Innovation's share price to reach $37.44 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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. Joseph B. Megibow, CEO & Director (Age 52, Pay $952.42k)
  • Mr. Craig Lee Phillips, CFO & Treasurer (Age 54, Pay $798.65k)
  • Mr. John A. Legg, Chief Operating Officer (Age 59, Pay $573.11k)
  • Mr. Casey K. McGarvey, Chief Legal Officer & Sec. (Age 61)
  • Misty Bond, Director of Communications
  • Ms. Jodi Morrison Deputy, Head of People (Age 47)
  • Mr. Verdi Ray White III, Chief Retail Officer (Age 41)

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.

Who are some of Purple Innovation's key competitors?

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), The 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 investors include Bloom Tree Partners LLC (2.23%), Lord Abbett & CO. LLC (2.20%), BlackRock Inc. (2.13%), Clearbridge Investments LLC (1.98%), Wells Fargo & Company MN (1.82%) and Principal Financial Group Inc. (1.38%). 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
.

Which major investors are selling Purple Innovation stock?

PRPL stock was sold by a variety of institutional investors in the last quarter, including Jefferies Group LLC, BlackRock Inc., Pier Capital LLC, Brandywine Global Investment Management LLC, Nuveen Asset Management LLC, Morgan Stanley, Principal Financial Group Inc., and Principal Financial Group Inc.. 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.

Which major investors are buying Purple Innovation stock?

PRPL stock was bought by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Bloom Tree Partners LLC, Renaissance Technologies LLC, Alliancebernstein L.P., Newbrook Capital Advisors LP, Clearbridge Investments LLC, Bayberry Capital Partners LP, and Calamos Advisors 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
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 $37.49.

How much money does Purple Innovation make?

Purple Innovation has a market capitalization of $2.31 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.

How many employees does Purple Innovation have?

Purple Innovation employs 850 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 2/25/2021 by MarketBeat.com Staff

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