Purple Innovation (PRPL) Expected to Release Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL) is expected to be issuing its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect Purple Innovation to post earnings of ($1.8396) per share and revenue of $103.89 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 4:30 PM ET.

Purple Innovation (NASDAQ:PRPL) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($3.25) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($3.25). The business had revenue of $95.73 million during the quarter, compared to the consensus estimate of $100.92 million. On average, analysts expect Purple Innovation to post $-7 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Purple Innovation Trading Down 1.6%

Shares of NASDAQ PRPL traded down $0.13 during mid-day trading on Tuesday, reaching $8.09. 3,916 shares of the company’s stock were exchanged, compared to its average volume of 13,209. Purple Innovation has a twelve month low of $6.12 and a twelve month high of $31.50. The firm has a market capitalization of $35.26 million, a price-to-earnings ratio of -0.56 and a beta of 1.46. The business has a fifty day simple moving average of $9.32 and a 200 day simple moving average of $13.89.

Insider Activity at Purple Innovation

In other Purple Innovation news, CFO Robert Gerard Lucian bought 2,400 shares of Purple Innovation stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of $12.25 per share, for a total transaction of $29,400.00. Following the completion of the acquisition, the chief financial officer owned 2,400 shares of the company’s stock, valued at $29,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 54.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Purple Innovation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRPL. Jacobs Levy Equity Management Inc. bought a new stake in Purple Innovation during the 3rd quarter worth about $757,000. Wasatch Advisors LP grew its holdings in shares of Purple Innovation by 16.1% in the 2nd quarter. Wasatch Advisors LP now owns 4,627,934 shares of the company’s stock valued at $3,375,000 after acquiring an additional 641,697 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Purple Innovation in the 2nd quarter valued at about $253,000. Marshall Wace LLP acquired a new stake in shares of Purple Innovation in the second quarter valued at about $128,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Purple Innovation in the third quarter valued at about $135,000. 88.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PRPL has been the subject of a number of research reports. Wall Street Zen cut Purple Innovation from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. KeyCorp lowered shares of Purple Innovation from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 28th. UBS Group lowered their price objective on shares of Purple Innovation from $21.25 to $16.25 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Purple Innovation in a report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $16.25.

About Purple Innovation

Purple Innovation, Inc is a consumer products company specializing in the design, development and manufacture of comfort technology for the sleep and home furnishings markets. Best known for its proprietary Hyper-Elastic Polymer “Grid” technology, the company engineers mattresses, pillows and cushions that aim to combine pressure relief, support and temperature neutrality. Purple offers an array of sleep products alongside related lifestyle and wellness solutions.

The company’s product portfolio includes mattress models in various sizes and thicknesses, adjustable bed frames, pillows, sheets and mattress protectors, as well as seat cushions and pet beds.