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Purple Innovation (PRPL) Competitors

Purple Innovation logo
$0.94 -0.04 (-4.10%)
(As of 12/13/2024 ET)

PRPL vs. COOK, WALD, HBB, GPRO, BRLT, VIOT, NTZ, RAY, ATER, and CPSH

Should you be buying Purple Innovation stock or one of its competitors? The main competitors of Purple Innovation include Traeger (COOK), Waldencast (WALD), Hamilton Beach Brands (HBB), GoPro (GPRO), Brilliant Earth Group (BRLT), Viomi Technology (VIOT), Natuzzi (NTZ), Raytech (RAY), Aterian (ATER), and CPS Technologies (CPSH). These companies are all part of the "consumer goods" industry.

Purple Innovation vs.

Purple Innovation (NASDAQ:PRPL) and Traeger (NYSE:COOK) are both small-cap consumer staples companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, valuation, risk, profitability, dividends, earnings, analyst recommendations, media sentiment and community ranking.

Purple Innovation presently has a consensus price target of $2.53, suggesting a potential upside of 169.74%. Traeger has a consensus price target of $4.10, suggesting a potential upside of 35.31%. Given Purple Innovation's stronger consensus rating and higher possible upside, equities analysts clearly believe Purple Innovation is more favorable than Traeger.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Purple Innovation
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Traeger
0 Sell rating(s)
3 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.40

In the previous week, Traeger had 1 more articles in the media than Purple Innovation. MarketBeat recorded 3 mentions for Traeger and 2 mentions for Purple Innovation. Purple Innovation's average media sentiment score of 1.88 beat Traeger's score of 1.11 indicating that Purple Innovation is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Purple Innovation
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Traeger
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Traeger has higher revenue and earnings than Purple Innovation. Traeger is trading at a lower price-to-earnings ratio than Purple Innovation, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Purple Innovation$510.54M0.20-$120.76M-$1.00-0.94
Traeger$598.91M0.66-$84.40M-$0.40-7.58

Traeger has a net margin of -8.53% compared to Purple Innovation's net margin of -21.34%. Traeger's return on equity of -10.57% beat Purple Innovation's return on equity.

Company Net Margins Return on Equity Return on Assets
Purple Innovation-21.34% -84.67% -16.17%
Traeger -8.53%-10.57%-3.63%

Purple Innovation has a beta of 2.06, meaning that its share price is 106% more volatile than the S&P 500. Comparatively, Traeger has a beta of 1.25, meaning that its share price is 25% more volatile than the S&P 500.

Purple Innovation received 258 more outperform votes than Traeger when rated by MarketBeat users. Likewise, 67.42% of users gave Purple Innovation an outperform vote while only 47.62% of users gave Traeger an outperform vote.

CompanyUnderperformOutperform
Purple InnovationOutperform Votes
298
67.42%
Underperform Votes
144
32.58%
TraegerOutperform Votes
40
47.62%
Underperform Votes
44
52.38%

88.4% of Purple Innovation shares are held by institutional investors. Comparatively, 46.8% of Traeger shares are held by institutional investors. 53.7% of Purple Innovation shares are held by company insiders. Comparatively, 15.2% of Traeger shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Summary

Purple Innovation beats Traeger on 10 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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PRPL vs. The Competition

MetricPurple InnovationHousehold furniture IndustryStaples SectorNASDAQ Exchange
Market Cap$100.83M$1.48B$14.62B$9.24B
Dividend YieldN/A2.54%2.65%3.99%
P/E Ratio-0.9416.6423.3417.32
Price / Sales0.200.573.5276.09
Price / CashN/A9.9321.1538.46
Price / Book0.864.296.054.88
Net Income-$120.76M$41.73M$584.34M$225.64M
7 Day Performance-5.44%-0.97%-1.09%-0.12%
1 Month Performance14.33%5.88%2.58%7.17%
1 Year Performance-1.46%14.38%6.53%21.83%

Purple Innovation Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
PRPL
Purple Innovation
3.5837 of 5 stars
$0.94
-4.1%
$2.53
+169.7%
-10.0%$100.83M$510.54M-0.941,700News Coverage
Positive News
COOK
Traeger
2.7399 of 5 stars
$3.17
+0.6%
$4.00
+26.2%
+3.8%$414.00M$605.88M0.00880Short Interest ↓
Positive News
WALD
Waldencast
2.9085 of 5 stars
$3.29
+4.4%
$6.13
+86.2%
-62.2%$401.64M$218.14M0.00272
HBB
Hamilton Beach Brands
1.2121 of 5 stars
$18.75
-1.0%
N/A+10.7%$256.97M$647.83M10.11700
GPRO
GoPro
3.7415 of 5 stars
$1.34
+7.4%
$2.25
+67.6%
-67.6%$207.77M$1.01B0.00880Short Interest ↑
BRLT
Brilliant Earth Group
4.0191 of 5 stars
$2.00
+0.4%
$3.00
+50.2%
-42.2%$196.87M$446.38M66.36668Short Interest ↓
News Coverage
Positive News
VIOT
Viomi Technology
1.9826 of 5 stars
$1.60
+6.0%
N/A+67.5%$109.15M$351.19M0.001,470Analyst Revision
News Coverage
Gap Up
NTZ
Natuzzi
0.3726 of 5 stars
$5.03
-0.8%
N/A-30.3%$55.43M$355.63M0.003,587Analyst Forecast
Short Interest ↑
News Coverage
Gap Down
RAY
Raytech
N/A$1.54
+10.0%
N/AN/A$27.12M$8.56M0.00N/AGap Up
ATER
Aterian
0.3434 of 5 stars
$2.54
flat
N/A-38.8%$22.25M$142.57M0.00160Short Interest ↑
CPSH
CPS Technologies
1.4364 of 5 stars
$1.53
+2.6%
N/A-34.7%$22.21M$27.55M0.00100Analyst Forecast
Short Interest ↓

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This page (NASDAQ:PRPL) was last updated on 12/15/2024 by MarketBeat.com Staff
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