Purple Innovation Stock Forecast, Price & News

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.
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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.
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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) released its earnings results on Thursday, March, 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by $0.04. The company earned $173.90 million during the quarter, compared to the consensus estimate of $196.19 million. Purple Innovation had a trailing twelve-month return on equity of 363.58% and a net margin of 0.28%. Purple Innovation's revenue for the quarter was up 39.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) EPS.
View Purple Innovation's earnings history.

Purple Innovation's stock was trading at $8.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PRPL stock has increased by 276.1% and is now trading at $31.18.
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Purple Innovation updated its FY 2021 Pre-Market earnings guidance on Thursday, March, 4th. The company provided earnings per share (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 analysts have issued 1-year 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 14.4% 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).
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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 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.

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.

PRPL stock was purchased 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 Dimensional Fund Advisors LP. 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.

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 $31.18.

Purple Innovation has a market capitalization of $1.92 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 850 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]