Purple Innovation - PRPL Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Purple Innovation in the last year. There are currently 1 sell rating, 4 hold ratings 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.

8 equities research analysts have issued 1-year price targets for Purple Innovation's shares. Their PRPL share price forecasts range from $4.50 to $8.00. On average, they expect the company's stock price to reach $6.11 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
View analysts price targets for PRPL or view top-rated stocks among Wall Street analysts.

Purple Innovation's stock was trading at $4.79 at the beginning of 2023. Since then, PRPL stock has increased by 18.2% and is now trading at $5.66.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our PRPL earnings forecast.

Purple Innovation, Inc. (NASDAQ:PRPL) released its earnings results on Wednesday, November, 9th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The company had revenue of $143.28 million for the quarter, compared to analysts' expectations of $138.57 million. Purple Innovation had a negative trailing twelve-month return on equity of 22.09% and a negative net margin of 6.66%.

Purple Innovation updated its earnings guidance on Monday, January, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $574.00 million-$574.00 million, compared to the consensus revenue estimate of $579.75 million.

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.

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).

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

Purple Innovation's stock is owned by a number of institutional and retail investors. Top institutional investors include Lapides Asset Management LLC (0.55%), Quent Capital LLC (0.09%), B.O.S.S. Retirement Advisors LLC (0.08%), New York State Common Retirement Fund (0.04%), Ironwood Investment Management LLC (0.03%) and LPL Financial LLC (0.02%). 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.

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.

One share of PRPL stock can currently be purchased for approximately $5.66.

Purple Innovation (NASDAQ:PRPL) has a market capitalization of $519.76 million and generates $726.23 million in revenue each year. The company earns $4.03 million in net income (profit) each year or ($0.66) on an earnings per share basis.

The company employs 1,800 workers across the globe.

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.