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NASDAQ:PRPL

Purple Innovation - PRPL Stock Forecast, Price & News

$2.77
+0.22 (+8.63%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$2.50
$2.88
50-Day Range
$2.55
$6.37
52-Week Range
$2.33
$7.52
Volume
1.52 million shs
Average Volume
944,786 shs
Market Capitalization
$254.37 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.46

Purple Innovation MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
97.1% Upside
$5.46 Price Target
Short Interest
Healthy
6.46% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.66mentions of Purple Innovation in the last 14 days
Based on 22 Articles This Week
Insider Trading
Acquiring Shares
$26.82 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.08) to $0.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Consumer Staples Sector

53rd out of 137 stocks

Household Furniture Industry

6th out of 8 stocks


PRPL stock logo

About Purple Innovation (NASDAQ:PRPL) Stock

Purple Innovation, Inc. engages in the design and manufacture of comfort technology products. It offers mattresses, bed pillows, seat cushions, mattress protector, and bamboo sheets. The company was founded by Terry V. Pearce and Tony Marion Pearce in 1989 and is headquartered in Lehi, Utah.

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PRPL Stock News Headlines

Purple Innovation (NASDAQ:PRPL) PT Lowered to $2.75
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Banking Nightmare
During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …
Q4 2022 Purple Innovation Inc Earnings Call
Purple Innovation Earnings Preview
See More Headlines
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PRPL Company Calendar

Last Earnings
3/16/2023
Today
3/22/2023
Next Earnings (Estimated)
5/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
N/A
Current Symbol
NASDAQ:PRPL
Fax
N/A
Employees
1,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.46
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$2.75
Forecasted Upside/Downside
+97.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-89,690,000.00
Pretax Margin
-8.16%

Debt

Sales & Book Value

Annual Sales
$575.69 million
Book Value
$2.19 per share

Miscellaneous

Free Float
59,651,000
Market Cap
$254.37 million
Optionable
Not Optionable
Beta
1.66

Key Executives

  • Robert T. DeMartini
    Chief Executive Officer & Director
  • Eric Haynor
    Chief Operating Officer
  • Bennett L. Nussbaum
    Chief Financial Officer
  • Russell Whatcott
    Innovation Director
  • Verdi Ray White
    Chief Retail Officer













PRPL Stock - Frequently Asked Questions

Should I buy or sell Purple Innovation stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PRPL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRPL, but not buy additional shares or sell existing shares.
View PRPL analyst ratings
or view top-rated stocks.

What is Purple Innovation's stock price forecast for 2023?

5 analysts have issued 1 year price objectives for Purple Innovation's shares. Their PRPL share price forecasts range from $2.75 to $8.00. On average, they anticipate the company's share price to reach $5.46 in the next twelve months. This suggests a possible upside of 103.7% from the stock's current price.
View analysts price targets for PRPL
or view top-rated stocks among Wall Street analysts.

How have PRPL shares performed in 2023?

Purple Innovation's stock was trading at $4.79 at the beginning of 2023. Since then, PRPL stock has decreased by 44.1% and is now trading at $2.68.
View the best growth stocks for 2023 here
.

Are investors shorting Purple Innovation?

Purple Innovation saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 5,930,000 shares, a decline of 13.0% from the February 13th total of 6,820,000 shares. Based on an average daily volume of 716,200 shares, the short-interest ratio is currently 8.3 days.
View Purple Innovation's Short Interest
.

When is Purple Innovation's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our PRPL earnings forecast
.

How were Purple Innovation's earnings last quarter?

Purple Innovation, Inc. (NASDAQ:PRPL) posted its quarterly earnings data on Thursday, March, 16th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by $0.04. The firm had revenue of $145.10 million for the quarter, compared to analyst estimates of $143.48 million. Purple Innovation had a negative trailing twelve-month return on equity of 13.66% and a negative net margin of 15.58%. Purple Innovation's revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.35) EPS.

What ETF holds Purple Innovation's stock ?

Invesco Nasdaq Future Gen 200 ETF holds 4,911 shares of PRPL stock, representing 0.32% of its portfolio.

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

Purple Innovation issued an update on its first quarter 2023 earnings guidance on Thursday, March, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $105.00 million-$105.00 million, compared to the consensus revenue estimate of $137.13 million.

What is Joe Megibow's approval rating as Purple Innovation's CEO?

39 employees have rated Purple Innovation Chief Executive Officer Joe Megibow on Glassdoor.com. Joe Megibow has an approval rating of 77% among the company's employees.

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), 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 many different retail and institutional investors. Top institutional investors include Brandywine Global Investment Management LLC (3.03%), Bank of America Corp DE (1.96%), Schwartz Investment Counsel Inc. (1.81%), Geode Capital Management LLC (1.06%), Lapides Asset Management LLC (0.55%) and Manatuck Hill Partners LLC (0.54%). Insiders that own company stock include Casey Kale Mcgarvey, Coliseum Capital Management, L, Craig Lee Phillips, Gary T Dicamillo, Jack Roddy, John A Legg, Pano Anthos, Paul J Zepf, Tony Marion Pearce and Verdi Ray White III.
View institutional ownership trends
.

How do I buy shares of Purple Innovation?

Shares of PRPL stock 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 $2.68.

How much money does Purple Innovation make?

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $246.10 million and generates $575.69 million in revenue each year. The company earns $-89,690,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis.

How many employees does Purple Innovation have?

The company employs 1,800 workers across the globe.

How can I contact Purple Innovation?

Purple Innovation's mailing address is 4100 N. CHAPEL RIDGE RD SUITE 200, LEHI UT, 84043. The official website for the company is www.purple.com. The company can be reached via phone at (801) 756-2600 or via email at ir@purple.com.

This page (NASDAQ:PRPL) was last updated on 3/22/2023 by MarketBeat.com Staff