Added to YB: 2024-02-07
Pitch date: 2024-02-07
PRPL [bullish]
Purple Innovation, Inc.
-30.24%
current return
Author Info
Lake Thoreau Investment Research is a former tech CFO who provides high-quality and actionable investment ideas. Sign up for the newsletter.
Company Info
Purple Innovation, Inc. designs, manufactures, and sells sleep and other products in the United States and internationally.
Market Cap
$85.0M
Pitch Price
$1.18
Price Target
2.50 (+204%)
Dividend
N/A
EV/EBITDA
23.77
P/E
-1.49
EV/Sales
0.56
Sector
Household Durables
Category
growth
Purple Innovation (PRPL): from restless nights to restful sleep in 2024
$PRPL: Diff gel tech in $25B+ mattress mkt but exec issues; new hi-end 2023 lineup hopes to restore FCF/profits 2H24; Coliseum activist bid $4.35 Sep '22, coop agmt ends '24 AM (M&A angle); $2-3 FV (~100-200% upside) vs $1 now on turnaround, takeout opt; risks: macro, gov, restatements.
Read full article (8 min)