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NASDAQ:PRPLPurple Innovation Stock Price, Forecast & News

$13.67
+0.02 (+0.15 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$13.35
Now: $13.67
$13.94
50-Day Range
$4.52
MA: $9.76
$13.68
52-Week Range
$4.42
Now: $13.67
$16.50
Volume352,278 shs
Average Volume830,863 shs
Market Capitalization$736.68 million
P/E RatioN/A
Dividend YieldN/A
Beta1.66
Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. It also offers sheets, mattress protectors, platform bases, and foundations. The company markets and sells its products through direct-to-consumer online channels, traditional wholesale partners, and third-party online retailers. Purple Innovation, Inc. was founded in 2010 and is headquartered in Alpine, Utah.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.35 out of 5 stars


Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryN/A
SectorConsumer Staples
Current SymbolNASDAQ:PRPL
CUSIPN/A
Phone801-756-2600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$428.36 million
Cash Flow$0.34 per share
Book Value$0.28 per share

Profitability

Net Income$-4,030,000.00

Miscellaneous

Employees620
Market Cap$736.68 million
Next Earnings Date8/11/2020 (Estimated)
OptionableNot Optionable

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Purple Innovation (NASDAQ:PRPL) Frequently Asked Questions

How has Purple Innovation's stock 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 shares have increased by 64.9% and is now trading at $13.67. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Purple Innovation?

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.

When is Purple Innovation's next earnings date?

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

How were Purple Innovation's earnings last quarter?

Purple Innovation Inc (NASDAQ:PRPL) announced its earnings results on Monday, May, 11th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. The company earned $122.38 million during 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.

What guidance has Purple Innovation issued on next quarter's earnings?

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.

What price target have analysts set for PRPL?

6 Wall Street analysts have issued 12 month price objectives for Purple Innovation's stock. Their forecasts range from $10.00 to $19.00. On average, they anticipate Purple Innovation's stock price to reach $14.67 in the next year. This suggests a possible upside of 7.3% from the stock's current price. View analysts' price targets for Purple Innovation.

Has Purple Innovation been receiving favorable news coverage?

News articles about PRPL stock have been trending very negative on Monday, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Purple Innovation earned a coverage optimism score of -3.9 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutPurple Innovation.

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 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).

Who are Purple Innovation's key executives?

Purple Innovation's management team includes the following people:
  • Mr. Terry V. Pearce, Co-founder, Chairman and Co-Director of R&D (Age 70)
  • Mr. Joseph B. Megibow, CEO & Director (Age 50)
  • Mr. Tony Marion Pearce, Co-founder, Co-Director of R&D and Director (Age 63)
  • Mr. Craig Lee Phillips, Interim Chief Financial Officer (Age 53)
  • Mr. John A. Legg, Chief Operating Officer (Age 57)

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 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.

Which major investors are selling Purple Innovation stock?

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.

Which major investors are buying Purple Innovation stock?

PRPL stock was acquired 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Purple Innovation's stock price today?

One share of PRPL stock can currently be purchased for approximately $13.67.

How big of a company is Purple Innovation?

Purple Innovation has a market capitalization of $736.68 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.

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 5/25/2020 by MarketBeat.com Staff

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