Research Analysts Offer Predictions for PRPL Q1 Earnings

Purple Innovation, Inc. (NASDAQ:PRPL) – Research analysts at Wedbush issued their Q1 2025 earnings per share estimates for Purple Innovation in a report released on Wednesday, March 26th. Wedbush analyst S. Basham anticipates that the company will earn ($0.11) per share for the quarter. Wedbush has a “Neutral” rating and a $1.00 price objective 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 (NASDAQ:PRPL) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.07. The business had revenue of $128.98 million for the quarter, compared to analyst estimates of $129.39 million. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%.

Purple Innovation Trading Down 4.0 %

NASDAQ PRPL opened at $0.75 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 1.30. Purple Innovation has a one year low of $0.65 and a one year high of $2.12. The company has a 50-day simple moving average of $0.94 and a 200-day simple moving average of $0.93. The firm has a market capitalization of $80.91 million, a PE ratio of -0.75 and a beta of 2.37.

Hedge Funds Weigh In On Purple Innovation

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Purple Innovation by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,627 shares of the company’s stock worth $453,000 after purchasing an additional 17,056 shares during the last quarter. Wasatch Advisors LP lifted its stake in Purple Innovation by 25.0% in the third quarter. Wasatch Advisors LP now owns 2,800,109 shares of the company’s stock valued at $2,768,000 after buying an additional 560,407 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of Purple Innovation during the third quarter valued at $70,000. Barclays PLC grew its position in shares of Purple Innovation by 283.1% during the third quarter. Barclays PLC now owns 74,803 shares of the company’s stock worth $74,000 after acquiring an additional 55,275 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Purple Innovation by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,346,073 shares of the company’s stock worth $1,331,000 after acquiring an additional 16,033 shares during the period. 88.41% of the stock is currently owned by institutional investors and hedge funds.

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.