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 118.0% and is now trading at $18.07. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 7 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) posted its quarterly earnings data on Monday, May, 11th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.06. The company earned $122.38 million during the quarter, compared to the consensus estimate 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.

7 equities research analysts have issued twelve-month target prices for Purple Innovation's shares. Their forecasts range from $10.00 to $23.00. On average, they expect Purple Innovation's share price to reach $16.57 in the next year. This suggests that the stock has a possible downside of 8.3%. View analysts' price targets for Purple Innovation.

News articles about PRPL stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Purple Innovation earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news about Purple Innovation.

Some companies that are related to Purple Innovation include Tempur Sealy International (TPX), La-Z-Boy (LZB), Sleep Number (SNBR), Compass Diversified (CODI), 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."

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 $18.07.

Purple Innovation has a market capitalization of $973.79 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]