The Company is reiterating its 2024 outlook for full year Adjusted EBITDA between $(20) million and $(10) million. The Company still expects its quarterly revenue and adjusted EBITDA performance to improve sequentially as it progresses through the year with adjusted EBITDA projected to be positive for the second half of 2024.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/4/2024 | $1.75 → $1.10 | Outperform → Neutral | Wedbush |
| 3/13/2024 | $2.00 → $2.50 | Neutral → Buy | ROTH MKM |
| 11/10/2022 | $4.00 → $6.00 | Hold → Buy | Craig Hallum |
| 3/2/2022 | $5.50 → $4.50 | Underperform | BofA Securities |
| 3/2/2022 | $10.00 → $5.00 | Hold | Truist |
| 3/2/2022 | $9.00 → $6.00 | Neutral | B. Riley Securities |
| 3/2/2022 | $10.00 → $6.50 | Neutral | UBS |
| 3/2/2022 | $10.00 → $6.00 | Buy → Neutral | ROTH Capital |
Restructuring Initiatives are On Track and Delivering Significant Margin Improvement GAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5% Adjusted EBITDA Loss Narrowed Notably to $(6.4) Million versus $(16.3) Million Last Year LEHI, Utah, Nov. 4, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced results for the third quarter ended September 30, 2024. "While our third quarter revenue was challenged, we are encour
LEHI, Utah, Oct. 28, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report third quarter 2024 financial results on Monday, November 4, 2024 at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m. ET to review the financial results. Investors and analysts interested in participating in the call are invited to dial 844-481-1976 (domestic) or 412-317-0642 (international). The conference call will also be available to interest
Actions will expedite Grid innovation and deliver cost synergies Anticipated to generate $15 to $20 million in EBITDA benefit in 2025 LEHI, Utah, Aug. 22, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company with the #1 Gel Grid technology in the world, today announced the consolidation of its mattress production operations into its McDonough, Georgia facility, and the corresponding closure of two manufacturing facilities in Salt Lake City and Grantsville, Utah. The closure of the Utah manufacturing facilities is expected to be completed during the first quarter of 2025 and the consolidation into the McDonough, Georgia facility is expected to b
Wedbush downgraded Purple Innovation from Outperform to Neutral and set a new price target of $1.10 from $1.75 previously
ROTH MKM upgraded Purple Innovation from Neutral to Buy and set a new price target of $2.50 from $2.00 previously
Craig Hallum upgraded Purple Innovation from Hold to Buy and set a new price target of $6.00 from $4.00 previously
LEHI, Utah, Oct. 28, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report third quarter 2024 financial results on Monday, November 4, 2024 at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m. ET to review the financial results. Investors and analysts interested in participating in the call are invited to dial 844-481-1976 (domestic) or 412-317-0642 (international). The conference call will also be available to interest
LEHI, Utah, July 25, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report second quarter 2024 financial results on Monday, August 5, 2024, at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m. ET to review the financial results. Investors and analysts interested in participating in the call are invited to dial (844) 825-9789 (domestic) or (412) 317-5180 (international). The conference call will also be available to inte
LEHI, Utah, April 30, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report first quarter 2024 financial results on Tuesday, May 7, 2024, at approximately 4:05 p.m. ET. The Company will hold a conference call that day at 4:30 p.m. ET to review the financial results. Investors and analysts interested in participating in the call are invited to dial (888) 396-8049 (domestic) or (416) 764-8646 (international). The conference call will also be available to intere
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8-K - Purple Innovation, Inc. (0001643953) (Filer)
8-K - Purple Innovation, Inc. (0001643953) (Filer)
10-Q - Purple Innovation, Inc. (0001643953) (Filer)
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Tempur Sealy International, Inc. (NYSE:TPX) faces a roadblock as the Federal Trade Commission (FTC) voted unanimously to block its proposed $4 billion acquisition of Mattress Firm Group Inc. The merger, which would combine the world’s largest mattress manufacturer with the nation’s largest mattress retailer, has raised significant competition concerns, per the regulator. The FTC issued an administrative complaint and filed a lawsuit to halt the acquisition, alleging that Tempur Sealy’s acquisition of Mattress Firm would suppress competition and raise prices for millions of consumers. The merger would grant the combined company enormous control over the mattress supply chain, integra
Gainers Delta Apparel (AMEX:DLA) stock rose 11.2% to $0.72 during Friday's pre-market session. The company's market cap stands at $5.0 million. Connexa Sports Techs (NASDAQ:YYAI) shares rose 9.86% to $0.47. The company's market cap stands at $19.2 million. Red Robin Gourmet Burgers (NASDAQ:RRGB) shares increased by 9.21% to $8.3. The company's market cap stands at $130.1 million. Purple Innovation (NASDAQ:PRPL) stock moved upwards by 7.34% to $0.96. The market value of their outstanding shares is at $102.7 million. ATRenew (NYSE:RERE) shares rose 4.78% to $2.19. The market value of their outstanding shares is at $485.5 million. CarParts.com (NASDAQ:PRTS) stock increased by 4.54% to $1.
Megibow's Business Leadership and Extensive Industry Experience Will Propel Casper To Next Growth Phase Casper Sleep Inc., the award-winning sleep company, appoints Joe Megibow as CEO to lead the company into its next chapter of growth. Effective immediately, Megibow will succeed outgoing CEO Emilie Arel, who will be integral in the transition until March 1, 2024. "No other mattress brand has cultivated the level of customer trust and love that Casper has, and it's our time to leverage this unique position," said Joe Megibow, CEO of Casper. "This is the sleep brand pioneer that disrupted the industry, creating unmatched brand awareness in a sleepy category with a strong focus on innovat
McDermott Brings a Successful Track Record of Leading Legal Departments and Driving Intellectual Property Transactions at Several Multibillion Dollar Retail Brands LEHI, Utah, Sept. 27, 2023 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), the world leader in sleep innovation and inventor of GelFlex® Grid Technology, today announced the appointment of Tricia McDermott as its Chief Legal Officer, effective October 23, 2023. McDermott replaces Casey McGarvey who has served as Chief Legal Officer since the company was founded. McGarvey plans to take a step back f
Vogensen Brings a Successful Track Record Driving Results at Multi-Billion Dollar Retailers LEHI, Utah, Sept. 21, 2023 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), the world leader in sleep innovation and inventor of GelFlex® Grid Technology, today announced the appointment of Todd Vogensen as its Chief Financial officer, effective October 16, 2023. Vogensen replaces Bennett Nussbaum who has been serving as interim CFO since August 2021. CEO Rob DeMartini thanked Nussbaum "We are truly grateful for the tireless work Bennett has contributed to Purple over t
4 - Purple Innovation, Inc. (0001643953) (Issuer)
4 - Purple Innovation, Inc. (0001643953) (Issuer)
4 - Purple Innovation, Inc. (0001643953) (Issuer)