Equities Analysts Issue Forecasts for PRPL Q1 Earnings

Purple Innovation, Inc. (NASDAQ:PRPL) – Equities researchers at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for Purple Innovation in a research report issued to clients and investors on Wednesday, March 26th. Wedbush analyst S. Basham forecasts that the company will post earnings per share of ($0.11) for the quarter. Wedbush currently has a “Neutral” rating and a $1.00 target price on the stock. The consensus estimate for Purple Innovation’s current full-year earnings is ($0.47) per share. Wedbush also issued estimates for Purple Innovation’s Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($0.23) EPS, FY2026 earnings at ($0.18) EPS and FY2027 earnings at ($0.15) EPS.

Purple Innovation Stock Down 4.0 %

Purple Innovation stock opened at $0.75 on Friday. Purple Innovation has a twelve month low of $0.65 and a twelve month high of $2.12. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30. The firm has a market cap of $80.91 million, a PE ratio of -0.75 and a beta of 2.37. The firm’s 50 day moving average price is $0.94 and its two-hundred day moving average price is $0.93.

Purple Innovation (NASDAQ:PRPL) last released its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.07. The company had revenue of $128.98 million for the quarter, compared to analysts’ expectations of $129.39 million. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%.

Institutional Trading of Purple Innovation

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invenomic Capital Management LP purchased a new position in Purple Innovation in the fourth quarter valued at about $620,000. JPMorgan Chase & Co. grew its stake in shares of Purple Innovation by 2,140.2% in the 4th quarter. JPMorgan Chase & Co. now owns 608,144 shares of the company’s stock valued at $474,000 after buying an additional 580,997 shares in the last quarter. Wasatch Advisors LP increased its holdings in Purple Innovation by 25.0% in the third quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock worth $2,768,000 after buying an additional 560,407 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Purple Innovation by 27.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 901,176 shares of the company’s stock valued at $703,000 after acquiring an additional 194,398 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in Purple Innovation by 32.4% in the fourth quarter. Truist Financial Corp now owns 629,032 shares of the company’s stock valued at $491,000 after acquiring an additional 154,032 shares during the last quarter. 88.41% of the stock is currently owned by hedge funds and other institutional investors.

About Purple Innovation

Purple Innovation, Inc designs and manufactures sleep and other products in the United States and internationally. The company offers mattresses, pillows, cushions, bases, sheets, platforms, adjustable bases, mattress protectors, foundations, blankets, duvets, duvet covers, seat cushions, and pet beds under the Purple brand.