What is Wedbush's Estimate for PRPL Q1 Earnings?

Purple Innovation, Inc. (NASDAQ:PRPL - Free Report) - Analysts at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for shares of Purple Innovation in a research note issued to investors on Wednesday, March 26th. Wedbush analyst S. Basham forecasts that the company will post earnings per share of ($0.11) for the quarter. Wedbush currently has a "Neutral" rating and a $1.00 price target 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 Stock Down 1.1 %

Shares of PRPL stock traded down $0.01 on Friday, hitting $0.75. 79,652 shares of the stock were exchanged, compared to its average volume of 483,382. The business has a 50-day moving average of $0.94 and a 200 day moving average of $0.92. Purple Innovation has a fifty-two week low of $0.65 and a fifty-two week high of $2.12. The firm has a market capitalization of $80.89 million, a P/E ratio of -0.75 and a beta of 2.37. The company has a current ratio of 1.30, a quick ratio of 0.67 and a debt-to-equity ratio of 1.81.

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

Institutional Trading of Purple Innovation

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