Purple InnovationPRPL
Market Cap: $110M
About: Purple Innovation Inc is a comfort innovation company. The company designs, manufactures and sells a range of comfort technology offerings, including mattresses, a pillow, cushions, sheets, bed platforms, and other products. It sells its products through online channels, traditional wholesale partners and third-party online retailers.
Employees: 1,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
146% more call options, than puts
Call options by funds: $101K | Put options by funds: $41K
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
12% more funds holding
Funds holding: 76 [Q1] → 85 (+9) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.91% less ownership
Funds ownership: 76.22% [Q1] → 75.31% (-0.91%) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 23
41% less capital invested
Capital invested by funds: $142M [Q1] → $84.2M (-$57.7M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Wedbush Seth Basham 57% 1-year accuracy 47 / 82 met price target | 8%upside $1.10 | Neutral Downgraded | 4 Sept 2024 |
Craig-Hallum Jeremy Hamblin 40% 1-year accuracy 10 / 25 met price target | 47%upside $1.50 | Hold Maintained | 6 Aug 2024 |
Financial journalist opinion
Based on 4 articles about PRPL published over the past 30 days