Roth Capital Lowers Earnings Estimates for Purple Innovation

Purple Innovation, Inc. (NASDAQ:PRPL) – Equities research analysts at Roth Capital lowered their Q2 2025 earnings per share estimates for Purple Innovation in a report released on Thursday, May 8th. Roth Capital analyst M. Koranda now anticipates that the company will post earnings per share of ($0.13) for the quarter, down from their prior estimate 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.

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

Purple Innovation Stock Performance

Purple Innovation stock opened at $0.79 on Monday. The stock has a market cap of $85.05 million, a PE ratio of -0.79 and a beta of 1.62. The company has a quick ratio of 0.67, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The business’s 50-day moving average price is $0.71 and its two-hundred day moving average price is $0.86. Purple Innovation has a 12-month low of $0.56 and a 12-month high of $1.56.

Purple Innovation (NASDAQ:PRPL) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, topping 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 analysts’ expectations of $104.17 million.

Institutional Trading of Purple Innovation

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Purple Innovation by 70.2% during 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 grew its holdings in shares of 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 purchasing an additional 17,406 shares during the last quarter. Barclays PLC lifted 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 acquiring an additional 10,824 shares during the period. Townsquare Capital LLC acquired a new position in shares of Purple Innovation in the fourth quarter worth approximately $73,000. Finally, B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Purple Innovation in the fourth quarter worth approximately $78,000. 88.41% of the stock is currently owned by 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.