PRPL Stock Recent News

Management may be weighing its long-term prospects against the possibility of a higher bid.

Purple Innovation (NASDAQ: PRPL ) is trending on social media, and PRPL stock is soaring 37% today after the company received a nonbinding, unsolicited takeover offer. Purple is an online-focused “mattress in a box” company.

Shares of Purple Innovation Inc. PRPL, -3.13% rocketed 32.6% in premarket trading Monday, after the mattress and bedding seller confirmed that it received an "unsolicited" buyout bid from hedge fund manager Coliseum Capital Management LLC. The company said Coliseum Capital was bidding $4.35 a share for the company, which represents a 55.9% premium to Friday's closing price of $2.79, and implies a market capitalization of about $361.97 million.

Purple Innovation, Inc. (NASDAQ:PRPL ) Q2 2022 Results Conference Call August 9, 2022 4:30 PM ET Company Participants Cody McAlester - ICR Rob DeMartini - CEO Bennett Nussbaum - CFO Conference Call Participants Brad Thomas - KeyBanc Capital Markets Matt McCartney - Wedbush Securities Alessandra Jimenez - Raymond James Brian Nagel - Oppenheimer Atul Maheswari - UBS Keith Hughes - Truist Matt Koranda - ROTH Capital Jack Cole - Craig-Hallum Curtis Nagle - Bank of America Operator Good day, everyone. And welcome to the Purple Innovation Second Quarter 2022 Earnings Conference Call.

Purple Innovation (PRPL) delivered earnings and revenue surprises of -120% and 9.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

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Purple Innovation (PRPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Purple Innovation, Inc. (NASDAQ:PRPL) is a vertically integrated, technology-based furniture company.

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Shares of the mattress company gained on a better-than-expected earnings report.