Professional
Added to YB: 2024-08-13
Pitch date: 2024-08-01
PRPL [bullish]
Purple Innovation, Inc.
-37.75%
current return
Author Info
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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
$1.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
23.77
P/E
-1.49
EV/Sales
0.56
Sector
Household Durables
Category
turnaround
Show full summary:
Tourlite Capital Portfolio Holding: Purple Innovation, Inc.
PRPL: New mgmt, changed biz model. 'Broken stock' w/ asymmetric upside as macro headwinds ease. Housing sentiment bottoming, low consensus estimates. Valuation attractive vs potential reacceleration. Part of portfolio's high-upside, beaten-down stocks.
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