Streetbeat News

PRPL

Purple Innovation, Inc.

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

0.84

Mkt cap

90M

Volume

437K

High

0.85

P/E Ratio

-0.82

52-wk high

2.33

Low

0.82

Div yield

N/A

52-wk low

0.55

The article highlights the pre-market movements of 12 consumer discretionary stocks on Friday. Delta Apparel, Connexa Sports Techs, Red Robin Gourmet Burgers, Purple Innovation, ATRenew, and CarParts.com saw gains, while Kaival Brands Innovations, MGO Global, Petco Health and Wellness, Volcon, Lobo EV Technologies, and Zapp Electric Vehicles experienced declines.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:08 pm

The article highlights significant intraday movements in consumer discretionary stocks on Thursday. Notable gainers include Allurion Technologies (ALUR), Zapp Electric Vehicles (ZAPP), and MGO Global (MGOL), while significant losers include Kaival Brands Innovations (KAVL), SRIVARU Holding (SVMH), and Visionary Holdings (GV).

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

The article highlights the performance of various consumer discretionary stocks during Thursday's after-market session. Notable gainers include Genius Group, Sypris Solutions, Nerdy, Kaixin Holdings, Purple Innovation, and Revolve Group. On the losing side, Boqii Holding, Barnes & Noble Education, Tilly's, Jiuzi Holdings, Vail Resorts, and BARK saw declines.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 8:31 pm

The article highlights the performance of various consumer discretionary stocks during Thursday's after-market session. Notable gainers include Gap (GPS) with a 21.4% increase and VF (VFC) with a 9.08% rise. On the losing side, Nordstrom (JWN) saw a 7.1% decline.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:31 pm

Purple Innovation (NASDAQ:PRPL) has been analyzed by 6 analysts, showing a shift towards more positive ratings with an average 12-month price target of $2.25, up 45.16% from the previous target. The company's financials indicate a positive revenue trend and exceptional net margin, despite a market capitalization below industry averages and lower ROE and ROA. Analysts' ratings range from 'Outperform' to 'Neutral', reflecting varied expectations for the company's stock performance.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 5:01 pm

Wedbush analyst Seth Basham has reiterated an Outperform rating on Purple Innovation (NASDAQ:PRPL) and maintained a price target of $2.25.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:01 pm

Purple Innovation's shares dropped following the announcement of disappointing Q1 financial results, missing market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 10:13 pm

Purple Innovation reaffirms its FY24 net revenue forecast of $540M-$560M, with an estimated midpoint of $548.909M. The company also maintains its outlook for full-year Adjusted EBITDA between $(20)M and $(10)M, expecting quarterly improvements and positive adjusted EBITDA in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:32 pm

Purple Innovation (NASDAQ:PRPL) reported Q1 2024 adjusted EPS of $(0.19), missing the $(0.16) estimate, and sales of $120.033M, missing the $122.113M estimate. This represents an 18.75% miss on EPS and a 1.70% miss on sales estimates, with a 35.71% decrease in EPS and a 12.47% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:22 pm

In Monday's after-market session, several consumer discretionary stocks showed notable movements. Barnes & Noble Education, Kandi Technologies Group, Jeffs Brands, Zapp Electric Vehicles, Kirkland's, and Dogness (Intl) saw gains, while Lucid Group, ThredUp, Connexa Sports Techs, SRM Entertainment, Purple Innovation, and Golden Heaven Group Holdings experienced declines. Notably, Lucid Group and ThredUp's movements were associated with their Q1 earnings releases.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 8:31 pm

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