NASDAQ:PRPLPurple Innovation Stock Price, Forecast & News

Purple Innovation's stock was trading at $8.29 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PRPL stock has increased by 188.2% and is now trading at $23.89.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Purple Innovation is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020.
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Purple Innovation will be holding an earnings conference call on Thursday, August 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Purple Innovation Inc (NASDAQ:PRPL) released its quarterly earnings results on Monday, May, 11th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.06. The company had revenue of $122.38 million for 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.

8 brokerages have issued twelve-month price objectives for Purple Innovation's stock. Their forecasts range from $10.00 to $30.00. On average, they anticipate Purple Innovation's stock price to reach $20.75 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
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News articles about PRPL stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Purple Innovation earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Purple Innovation.

Purple Innovation saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,470,000 shares, an increase of 33.6% from the January 31st total of 1,100,000 shares. Based on an average daily volume of 369,200 shares, the short-interest ratio is presently 4.0 days.
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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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Purple Innovation investors own include Procter & Gamble (PG), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), Pfizer (PFE), AT&T (T), Alibaba Group (BABA), Cisco Systems (CSCO), Enphase Energy (ENPH), Honeywell International (HON) and QUALCOMM (QCOM).

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

Purple Innovation's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (1.72%), Stormborn Capital Management LLC (0.61%), Calamos Advisors LLC (0.19%), Russell Investments Group Ltd. (0.19%), Roubaix Capital LLC (0.11%) and Mackay Shields LLC (0.10%). Company insiders that own Purple Innovation stock include Casey Kale Mcgarvey, 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.

PRPL stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Stormborn Capital Management LLC, Calamos Advisors LLC, Russell Investments Group Ltd., Roubaix Capital LLC, Mackay Shields LLC, Quantitative Systematic Strategies LLC, and Aigen Investment Management 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.
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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 $23.89.

Purple Innovation has a market capitalization of $1.29 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 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]