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.
Purple Innovation stock last closed at $6.15, down 3.45% from the previous day, and has decreased 12.89% in one year. It has overperformed other stocks in the Furnishings Fixtures & Appliances industry by 0.06 percentage points. Purple Innovation stock is currently +132.08% from its 52-week low of $2.65, and -22.84% from its 52-week high of $7.97.
As of Feb 3, 2023, there are 91.83M PRPL shares outstanding. The market cap of PRPL is $564.74M. In the last 24 hours, 449,423 PRPL shares were traded.
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After you have decided on the best place to buy Purple Innovation stock, it's critical to evaluate their stock prior to buying, so you can comprehend the risk as well as the upside.
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on PRPL's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PRPL's fair value.
Using relative valuations metrics:
You can do additional valuation analysis on PRPL's stock here.
Out of 5 sell side analysts who track PRPL, the consensus analyst rating on Purple Innovation is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Bradley Thomas, a top 3% analyst from KeyBanc maintains PRPL with a strong buy rating and raises their PRPL price target from $7.00 to $8.00, on Feb 1, 2023.
Aleksey Yefremov, a top 7% analyst from KeyBanc maintains PRPL with a strong buy rating and raises their PRPL price target from $5.00 to $7.00, on Jan 12, 2023.
Jeremy Hamblin, a top 20% analyst from Craig-Hallum upgrades PRPL to a buy rating and raises their PRPL price target from $4.00 to $6.00, on Nov 10, 2022.
Seth Basham, a top 7% analyst from Wedbush maintains PRPL with a buy rating and raises their PRPL price target from $3.30 to $5.00, on Sep 20, 2022.
Matt Koranda, a bottom 9% analyst from Roth Capital downgrades PRPL to a hold rating and announces their PRPL price target of $6.00, on Mar 2, 2022.
You can dig deeper into what analysts are projecting on the Purple Innovation stock forecast page.
Last year, PRPL revenue was $617.00M. During the past five year, PRPL's revenue has increased by 35.75% per year. This was faster than the Furnishings Fixtures & Appliances industry average of 6.95%.
Find out more about PRPL's earnings and revenue performance here.
In the past 12 months, insiders at PRPL have bought more shares than they have sold.
Patrice Ann Varni, Chief Marketing Officer of PRPL, was the latest PRPL insider to sell. They sold $315.90 worth of PRPL stock on Oct 1, 2022.
Learn more about who owns PRPL stock here.
No, Purple Innovation doesn't provide an income stream by paying out dividends.
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