KeyCorp Predicts Weaker Earnings for Purple Innovation

Purple Innovation, Inc. (NASDAQ:PRPL) – Equities research analysts at KeyCorp reduced their Q2 2026 earnings per share estimates for shares of Purple Innovation in a report issued on Tuesday, April 28th. KeyCorp analyst B. Thomas now forecasts that the company will post earnings of ($0.11) per share for the quarter, down from their previous estimate of ($0.08). KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Purple Innovation’s current full-year earnings is ($0.20) per share. KeyCorp also issued estimates for Purple Innovation’s Q3 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.33) EPS and FY2027 earnings at ($0.33) EPS.

Purple Innovation (NASDAQ:PRPL) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). The firm had revenue of $95.73 million for the quarter, compared to analyst estimates of $100.92 million.

A number of other equities analysts also recently weighed in on PRPL. Wall Street Zen raised Purple Innovation to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Purple Innovation in a research report on Tuesday, April 21st. Finally, UBS Group reduced their price target on Purple Innovation from $0.85 to $0.65 and set a “neutral” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $0.65.

Purple Innovation Stock Up 1.0%

NASDAQ:PRPL opened at $0.50 on Friday. Purple Innovation has a twelve month low of $0.48 and a twelve month high of $1.26. The business has a 50 day moving average price of $0.65 and a two-hundred day moving average price of $0.72. The company has a market cap of $53.86 million, a P/E ratio of -0.85 and a beta of 1.83.

Institutional Investors Weigh In On Purple Innovation

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd raised its stake in shares of Purple Innovation by 276.7% during the 4th quarter. XTX Topco Ltd now owns 115,357 shares of the company’s stock worth $80,000 after purchasing an additional 84,735 shares in the last quarter. MML Investors Services LLC bought a new stake in Purple Innovation in the 4th quarter valued at $84,000. State Street Corp raised its stake in Purple Innovation by 8.8% in the 4th quarter. State Street Corp now owns 259,838 shares of the company’s stock valued at $179,000 after acquiring an additional 21,100 shares during the period. Jane Street Group LLC raised its stake in Purple Innovation by 14.6% in the 4th quarter. Jane Street Group LLC now owns 150,197 shares of the company’s stock valued at $104,000 after acquiring an additional 19,156 shares during the period. Finally, Crumly & Associates Inc. raised its stake in Purple Innovation by 8.2% in the 4th quarter. Crumly & Associates Inc. now owns 275,613 shares of the company’s stock valued at $190,000 after acquiring an additional 21,000 shares during the period. Institutional investors own 88.41% of the company’s stock.

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.