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NASDAQ:PRPL

Purple Innovation Stock Forecast, Price & News

$22.02
-0.46 (-2.05 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$21.67
Now: $22.02
$22.81
50-Day Range
$17.28
MA: $21.75
$26.16
52-Week Range
$4.42
Now: $22.02
$27.75
Volume2.17 million shs
Average Volume898,891 shs
Market Capitalization$1.19 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.7
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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Purple Innovation logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$428.36 million
Cash Flow$0.32 per share
Book Value($0.09) per share

Profitability

Net Income$-4,030,000.00

Miscellaneous

Employees620
Market Cap$1.19 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableNot Optionable
$22.02
-0.46 (-2.05 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Purple Innovation (NASDAQ:PRPL) Frequently Asked Questions

How has Purple Innovation's stock been impacted by COVID-19?

Purple Innovation's stock was trading at $8.29 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PRPL shares have increased by 165.6% and is now trading at $22.02.
View which stocks have been most impacted by COVID-19
.

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

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."
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 Wednesday, November 4th 2020.
View our earnings forecast for Purple Innovation
.

How were Purple Innovation's earnings last quarter?

Purple Innovation Inc (NASDAQ:PRPL) released its quarterly earnings data on Thursday, August, 13th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.20 by $0.29. The business had revenue of $165.10 million for the quarter, compared to the consensus estimate of $176.59 million. Purple Innovation had a net margin of 0.81% and a return on equity of 545.13%.
View Purple Innovation's earnings history
.

What price target have analysts set for PRPL?

8 analysts have issued 12-month price objectives for Purple Innovation's shares. Their forecasts range from $10.00 to $31.00. On average, they expect Purple Innovation's share price to reach $22.88 in the next year. This suggests a possible upside of 3.9% from the stock's current price.
View analysts' price targets for Purple Innovation
.

Are investors shorting Purple Innovation?

Purple Innovation saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,510,000 shares, an increase of 13.6% from the July 30th total of 3,090,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is presently 3.2 days.
View Purple Innovation's Short Interest
.

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 Advanced Micro Devices (AMD), Pfizer (PFE), Procter & Gamble (PG), Johnson & Johnson (JNJ), NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), Abbott Laboratories (ABT), Tesla (TSLA) and Cisco Systems (CSCO).

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 many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors Inc. (3.11%), Gilder Gagnon Howe & Co. LLC (1.79%), Principal Financial Group Inc. (1.72%), Principal Financial Group Inc. (1.71%), Driehaus Capital Management LLC (1.69%) and No Street GP LP (1.53%). 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
.

Which major investors are selling Purple Innovation stock?

PRPL stock was sold by a variety of institutional investors in the last quarter, including Sontag Advisory LLC, Rip Road Capital Partners LP, and Gilder Gagnon Howe & Co. LLC. Company insiders that have sold Purple Innovation company stock in the last year include Casey Kale Mcgarvey, 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 bought by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Driehaus Capital Management LLC, No Street GP LP, Principal Financial Group Inc., Principal Financial Group Inc., AWM Investment Company Inc., Stormborn Capital Management LLC, and Marshall Wace LLP. 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 $22.02.

How big of a company is Purple Innovation?

Purple Innovation has a market capitalization of $1.19 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.

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 9/20/2020 by MarketBeat.com Staff

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