Roth Capital Expects Weaker Earnings for Purple Innovation

Purple Innovation, Inc. (NASDAQ:PRPL) – Investment analysts at Roth Capital dropped their Q2 2025 earnings per share (EPS) estimates for shares of Purple Innovation in a report issued on Thursday, May 8th. Roth Capital analyst M. Koranda now expects that the company will post earnings of ($0.13) per share for the quarter, down from their prior forecast of ($0.10). The consensus estimate for Purple Innovation’s current full-year earnings is ($0.47) per share. Roth Capital also issued estimates for Purple Innovation’s Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at $0.02 EPS, Q1 2026 earnings at ($0.10) EPS, Q2 2026 earnings at ($0.10) EPS, Q3 2026 earnings at ($0.05) EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at ($0.22) EPS.

Purple Innovation (NASDAQ:PRPL) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. Purple Innovation had a negative return on equity of 84.67% and a negative net margin of 21.34%. The company had revenue of $104.17 million for the quarter, compared to the consensus estimate of $104.17 million.

Separately, Wedbush reaffirmed a “neutral” rating and set a $1.00 price target on shares of Purple Innovation in a research note on Wednesday, March 26th.

Purple Innovation Stock Up 19.0%

PRPL stock opened at $0.94 on Monday. The stock’s 50 day simple moving average is $0.71 and its 200 day simple moving average is $0.86. Purple Innovation has a fifty-two week low of $0.56 and a fifty-two week high of $1.56. 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 company has a market cap of $101.25 million, a P/E ratio of -0.94 and a beta of 1.62.

Institutional Trading of Purple Innovation

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Purple Innovation by 70.2% in the fourth quarter. SG Americas Securities LLC now owns 35,272 shares of the company’s stock worth $28,000 after purchasing an additional 14,548 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Purple Innovation by 45.1% in the fourth 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 raised its stake in shares of Purple Innovation by 14.5% in the fourth 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 last quarter. Townsquare Capital LLC purchased a new stake in shares of Purple Innovation in the fourth quarter worth approximately $73,000. Finally, B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of Purple Innovation in the fourth quarter worth approximately $78,000. 88.41% of the stock is 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.