Equities Analysts Issue Forecasts for PRPL Q1 Earnings

Purple Innovation, Inc. (NASDAQ:PRPL) – Analysts at Wedbush issued their Q1 2025 earnings estimates for Purple Innovation in a research report issued on Wednesday, March 26th. Wedbush analyst S. Basham expects 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 Trading Up 2.1 %

Purple Innovation stock opened at $0.78 on Friday. Purple Innovation has a 52 week low of $0.65 and a 52 week 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 capitalization of $84.32 million, a PE ratio of -0.78 and a beta of 2.37. The business’s 50-day simple moving average is $0.94 and its 200-day simple moving average is $0.93.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PRPL. Squarepoint Ops LLC boosted its position in shares of Purple Innovation by 219.7% in the fourth quarter. Squarepoint Ops LLC now owns 178,052 shares of the company’s stock valued at $139,000 after acquiring an additional 122,358 shares during the period. Invenomic Capital Management LP bought a new stake in Purple Innovation in the 4th quarter valued at $620,000. Bank of America Corp DE grew its position in Purple Innovation by 45.1% in the 4th quarter. Bank of America Corp DE now owns 55,984 shares of the company’s stock worth $44,000 after purchasing an additional 17,406 shares during the last quarter. Barclays PLC increased its holdings in shares of Purple Innovation by 14.5% during the 4th quarter. Barclays PLC now owns 85,627 shares of the company’s stock worth $67,000 after purchasing an additional 10,824 shares during the period. Finally, Townsquare Capital LLC bought a new position in shares of Purple Innovation during the 4th quarter worth about $73,000. 88.41% of the stock is owned by institutional investors.

Purple Innovation Company Profile

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.