Purple Innovation Stockholders Approve Key Proposals

The latest update is out from Purple Innovation ( (PRPL) ).

On June 10, 2025, Purple Innovation‘s stockholders approved several key proposals during their Annual Meeting. These included the election of nine directors, advisory approval of executive compensation, and the ratification of BDO USA, LLP as the independent accounting firm for the fiscal year ending December 31, 2025. These decisions are pivotal for the company’s governance and financial oversight, potentially impacting its strategic direction and stakeholder confidence.

The most recent analyst rating on (PRPL) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on Purple Innovation stock, see the PRPL Stock Forecast page.

Spark’s Take on PRPL Stock

According to Spark, TipRanks’ AI Analyst, PRPL is a Neutral.

The overall score reflects significant financial challenges with high leverage and negative cash flow. However, positive developments from the earnings call and corporate events, including strategic partnerships and financial initiatives, provide some optimism for future performance. Technical analysis presents a mixed outlook, adding to the cautious sentiment around the stock.

To see Spark’s full report on PRPL stock, click here.

More about Purple Innovation

Average Trading Volume: 952,769

Technical Sentiment Signal: Strong Sell

Current Market Cap: $85.51M

See more insights into PRPL stock on TipRanks’ Stock Analysis page.