Streetbeat News

PRPL

Purple Innovation, Inc.

https://purple.com

Industry

Furnishings, Fixtures & Appliances

Purple Innovation, Inc. designs and manufactures mattresses, pillows, and cushions. The company also offers bases, foundations, sheets, mattress protectors, bed frames, seat cushions, weighted blankets, and duvets, as well as pet beds. It markets and sells its products through its e-commerce online channels retail brick-and-mortar wholesale partners, and third-party online retailers, as well as through Purple retail showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah.

Open

0.86

Mkt cap

88M

Volume

479K

High

0.87

P/E Ratio

-0.80

52-wk high

2.33

Low

0.81

Div yield

N/A

52-wk low

0.58

Purple Innovation (PRPL) reported a Q3 loss of $0.08 per share, which was better than the Zacks Consensus Estimate of a $0.10 loss. However, the company missed revenue estimates.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Purple Innovation, Inc. (PRPL) held its Q3 2024 earnings call, discussing financial performance and company updates.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

In Tuesday's after-market session, several consumer discretionary stocks experienced notable movements. China Liberal Education (CLEU) saw a significant increase of 24.7%, while Jowell Global (JWEL) and Visionary Holdings (GV) also posted gains. On the downside, Kaixin Holdings (KXIN) and Golden Heaven Group Holdings (GDHG) experienced declines.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 8:31 pm

Wedbush analyst Seth Basham has downgraded Purple Innovation (NASDAQ:PRPL) from Outperform to Neutral and reduced the price target from $1.75 to $1.1.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 3:47 pm

Purple Innovation is consolidating its mattress production operations into its McDonough, Georgia facility, leading to the closure of two manufacturing facilities in Salt Lake City and Grantsville, Utah.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:12 pm

Craig-Hallum analyst Jeremy Hamblin maintains a Hold rating on Purple Innovation (NASDAQ:PRPL) and lowers the price target from $2 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 2:54 pm

Purple Innovation has revised its FY24 net revenue outlook from $540M-$560M to $490M-$510M, citing first half results and ongoing industry-wide demand declines. The company maintains its adjusted EBITDA outlook for 2024, expecting it to be between $(20) million and $(10) million.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:01 pm

Purple Innovation (NASDAQ:PRPL) reported Q2 2024 adjusted EPS of $(0.13), missing the $(0.12) estimate. Sales were $120.271M, below the $128.008M estimate. Despite the misses, EPS improved from $(0.23) last year, and sales increased by 2.03% from $117.882M.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:15 pm

Shares of household durable stocks are trading higher after store sales of building material and garden supplies rose 1.4% in June. Additionally, trader optimism about potential Fed rate cuts is contributing to the strength.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 6:31 pm

The FTC has filed a lawsuit to block Tempur Sealy's $4 billion acquisition of Mattress Firm, citing competition concerns. The merger would combine the largest mattress manufacturer with the largest mattress retailer, potentially harming competition and raising prices. Tempur Sealy plans to address regulatory concerns by divesting some stores, but the FTC remains firm in its opposition.

Portfolio Pulse from Shivani Kumaresan

July 03, 2024 | 10:56 am

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