PRPL icon

Purple Innovation

0.9066 USD
+0.0262
2.98%
At close Dec 20, 4:00 PM EST
After hours
0.9594
+0.0528
5.82%
1 day
2.98%
5 days
-2.60%
1 month
9.40%
3 months
-12.83%
6 months
1.85%
Year to date
-2.96%
1 year
-16.06%
5 years
-88.51%
10 years
-90.46%
 

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

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

77% more call options, than puts

Call options by funds: $76K | Put options by funds: $43K

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

1% more funds holding

Funds holding: 85 [Q2] → 86 (+1) [Q3]

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

3% more capital invested

Capital invested by funds: $84.4M [Q2] → $87.4M (+$2.94M) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.54% less ownership

Funds ownership: 75.5% [Q2] → 74.96% (-0.54%) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for PRPL.

Financial journalist opinion

Neutral
Seeking Alpha
1 month ago
Purple Innovation, Inc. (PRPL) Q3 2024 Earnings Call Transcript
Purple Innovation, Inc. (PRPL) Q3 2024 Earnings Call Transcript
Purple Innovation, Inc. (PRPL) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
1 month ago
Purple Innovation (PRPL) Reports Q3 Loss, Misses Revenue Estimates
Purple Innovation (PRPL) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.18 per share a year ago.
Purple Innovation (PRPL) Reports Q3 Loss, Misses Revenue Estimates
Neutral
PRNewsWire
1 month ago
Purple Innovation Reports Third Quarter 2024 Results
Restructuring Initiatives are On Track and Delivering Significant Margin Improvement GAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5% Adjusted EBITDA Loss Narrowed Notably to $(6.4) Million versus $(16.3) Million Last Year LEHI, Utah , Nov. 4, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced results for the third quarter ended September 30, 2024. "While our third quarter revenue was challenged, we are encouraged by both our year-to-date performance modestly exceeding the broader industry and the sustained improvements in our profitability," said CEO Rob DeMartini.
Purple Innovation Reports Third Quarter 2024 Results
Neutral
PRNewsWire
1 month ago
Purple Innovation to Report Third Quarter 2024 Results on November 4, 2024
LEHI, Utah , Oct. 28, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report third quarter 2024 financial results on Monday, November 4, 2024 at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m.
Purple Innovation to Report Third Quarter 2024 Results on November 4, 2024
Neutral
Business Wire
3 months ago
Glancy Prongay & Murray LLP Announces Investigation of Purple Innovation, Inc. (PRPL)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Purple Innovation, Inc. (Nasdaq: PRPL) concerning the Company and its directors' and officers' possible violations of state laws. If you own Purple Innovation stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 101.
Glancy Prongay & Murray LLP Announces Investigation of Purple Innovation, Inc. (PRPL)
Neutral
Business Wire
3 months ago
Inventor of Purple Mattress Unveils New Technology and New Brand for Better Sleep
ALPINE, Utah--(BUSINESS WIRE)--Tony Pearce, inventor of Purple's flexible grid technology, has developed a new pressure-isolating system for mattresses. After the tremendous, industry-shaking success of Purple, Mr. Pearce divested from the company and retired. But an inventor's mind doesn't rest; Tony had unfinished goals in the sleep industry. “I am forever proud of the grid technology my brother and I created and the incredible improvements it has made for millions of people. It remains one m.
Inventor of Purple Mattress Unveils New Technology and New Brand for Better Sleep
Neutral
PRNewsWire
3 months ago
Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate Growth
Actions will expedite Grid innovation and deliver cost synergies Anticipated to generate $15 to $20 million in EBITDA benefit in 2025 LEHI, Utah , Aug. 22, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company with the #1 Gel Grid technology in the world, today announced the consolidation of its mattress production operations into its McDonough, Georgia facility, and the corresponding closure of two manufacturing facilities in Salt Lake City and Grantsville, Utah. The closure of the Utah manufacturing facilities is expected to be completed during the first quarter of 2025 and the consolidation into the McDonough, Georgia facility is expected to be completed by December 31, 2024.
Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate Growth
Neutral
Seeking Alpha
4 months ago
Purple Innovation, Inc. (PRPL) Q2 2024 Earnings Call Transcript
Purple Innovation, Inc. (NASDAQ:PRPL ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Cody McAlester – ICR Rob DeMartini – Chief Executive Officer Todd Vogensen – Chief Financial Officer Eric Haynor – Chief Operating Officer Conference Call Participants Bobby Griffin – Raymond James Brad Thomas – KeyBanc Capital Markets Matt Koranda – ROTH Capital Seth Basham – Wedbush Securities Brian Nagel – Oppenheimer Jeremy Hamblin – Craig-Hallum Capital Group Keith Hughes – Truist Dan Silverstein – UBS Operator Good afternoon, ladies and gentlemen, and welcome to the Purple Innovation Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Purple Innovation, Inc. (PRPL) Q2 2024 Earnings Call Transcript
Positive
Seeking Alpha
4 months ago
Long Assets On Path To Creating Significant Value, Shorting Remains Very Challenging
In the first half of 2024, our long book performed strong relative to the Russell 2000, driven by our high-conviction positions. We are pleased with our relative performance and believe the Russell 2000 remains a more appropriate benchmark for comparison. Top gainers include FTAI Aviation and FTAI Infrastructure, while top detractors include Latch and Industrial Short.
Long Assets On Path To Creating Significant Value, Shorting Remains Very Challenging
Negative
Zacks Investment Research
4 months ago
Purple Innovation (PRPL) Reports Q2 Loss, Misses Revenue Estimates
Purple Innovation (PRPL) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.20 per share a year ago.
Purple Innovation (PRPL) Reports Q2 Loss, Misses Revenue Estimates
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