Purple Innovation (PRPL) Receives Media Sentiment Score of 0.33

Media stories about Purple Innovation (NASDAQ:PRPL) have trended positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Purple Innovation earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.905072055707 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Purple Innovation traded down $0.69, reaching $5.81, during trading hours on Friday, MarketBeat Ratings reports. 68,603 shares of the stock were exchanged, compared to its average volume of 38,366. The company has a quick ratio of 0.81, a current ratio of 1.42 and a debt-to-equity ratio of 1.36. Purple Innovation has a twelve month low of $5.70 and a twelve month high of $13.90.

Purple Innovation (NASDAQ:PRPL) last released its quarterly earnings data on Tuesday, May 15th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.13). The firm had revenue of $60.98 million during the quarter, compared to the consensus estimate of $58.00 million. research analysts expect that Purple Innovation will post -0.12 EPS for the current year.

Several brokerages recently issued reports on PRPL. Zacks Investment Research upgraded Purple Innovation from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Wedbush decreased their price objective on Purple Innovation from $11.00 to $8.00 and set an “outperform” rating for the company in a research report on Friday.

In other Purple Innovation news, Director Coliseum Capital Management, L purchased 51,396 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were acquired at an average price of $7.85 per share, for a total transaction of $403,458.60. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 657,377 shares of company stock worth $4,642,122. 65.80% of the stock is owned by company insiders.

Purple Innovation Company Profile

Purple Innovation, Inc designs and manufactures mattresses, pillows, and cushions. The company markets and sells its products through direct-to-consumer and retail channels. Purple Innovation, Inc was founded in 2010 and is headquartered in Alpine, Utah.

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