Analysts at Wedbush Kept their “Outperform” rating for Purple Innovation (PRPL) with $12.0000 Price Target; MARIMED (MRMD) Shorts Up By 5.07%

In a research report made public on Monday, 23 September, Purple Innovation (NASDAQ:PRPL) stock had its “Outperform” Rating restate by equity analysts at Wedbush. They currently have a $12.0000 PT on firm. Wedbush’s target gives a potential upside of 49.81% from the company’s last close price.

MARIMED INC (OTCMKTS:MRMD) had an increase of 5.07% in short interest. MRMD’s SI was 207,200 shares in September as released by FINRA. Its up 5.07% from 197,200 shares previously. With 471,900 avg volume, 0 days are for MARIMED INC (OTCMKTS:MRMD)’s short sellers to cover MRMD’s short positions. The stock increased 16.60% or $0.131 during the last trading session, reaching $0.92. About 1.72M shares traded or 394.40% up from the average. MariMed Inc. (OTCMKTS:MRMD) has 0.00% since September 23, 2018 and is . It has by 0.00% the S&P500.

More notable recent MariMed Inc. (OTCMKTS:MRMD) news were published by: Seekingalpha.com which released: “MariMed Inc. Financials - The Rest Of The Story - Seeking Alpha” on September 20, 2019, also Profitconfidential.com with their article: “MariMed Inc: U.S. Cannabis Stock Soars on New Developments - Profit Confidential” published on August 07, 2019, Finance.Yahoo.com published: “Marimed To Purchase 70% Of MediTaurus - Yahoo Finance” on April 29, 2019. More interesting news about MariMed Inc. (OTCMKTS:MRMD) were released by: Seekingalpha.com and their article: “MariMed reports Q2 results - Seeking Alpha” published on August 12, 2019 as well as Profitconfidential.com‘s news article titled: “MariMed Inc: U.S. Cannabis and Hemp Operator Reports Strong Financials - Profit Confidential” with publication date: April 19, 2019.

MariMed Advisors, Inc. provides consulting services for the design, development, operation, funding, and optimization of medical cannabis cultivation centers and dispensaries. The company has market cap of $200.60 million. The firm offers dispensary and cultivation application assistance, real estate suitability and safe access, initial build-out and ongoing consultation, business acceleration solutions, and physician and patient outreach services. It currently has negative earnings. It serves clients in Florida, Illinois, Maryland, Minnesota, and Nevada.

Analysts await Purple Innovation, Inc. (NASDAQ:PRPL) to report earnings on November, 13. They expect $0.14 EPS, up 255.56% or $0.23 from last year’s $-0.09 per share. PRPL’s profit will be $7.55 million for 14.30 P/E if the $0.14 EPS becomes a reality. After $0.18 actual EPS reported by Purple Innovation, Inc. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

The stock decreased 0.50% or $0.04 during the last trading session, reaching $8.01. About 45,316 shares traded. Purple Innovation, Inc. (NASDAQ:PRPL) has declined 8.58% since September 23, 2018 and is downtrending. It has underperformed by 8.58% the S&P500. Some Historical PRPL News: 15/03/2018 - PURPLE INNOVATION INC PRPL.O SAYS CEO SAM BERNARDS RESIGNED; 15/03/2018 - Purple Innovation Names Terry Pearce Interim CEO; 15/05/2018 - PURPLE INNOVATION INC - QTRLY SHR LOSS $0.17; 23/03/2018 - Glancy Prongay & Murray LLP Announces Investigation on Behalf of Purple Innovation, Inc. Investors (PRPL); 15/03/2018 - PURPLE INNOVATION INC - TERRY PEARCE WILL SERVE AS INTERIM CEO UNTIL A PERMANENT REPLACEMENT IS FOUND BY BOARD; 29/03/2018 - Capstone Headwaters Advised Purple Innovation on its Sale to Global Partner Acquisition Corp; 23/05/2018 - PURPLE INNOVATION HOLDER COLISEUM CAPITAL REPORTS 70.8% STAKE; 15/05/2018 - Purple Innovation 1Q Rev $61M; 15/05/2018 - Purple Innovation Sees 2018 Rev $290M-$310M; 15/03/2018 - Purple Innovation: Sam Bernards Steps Down as CEO to Pursue Other Opportunities

Purple Innovation, Inc. designs and makes mattresses, pillows, and cushions. The company has market cap of $431.73 million. The firm markets and sells its products through direct-to-consumer and retail channels. It currently has negative earnings.

More notable recent Purple Innovation, Inc. (NASDAQ:PRPL) news were published by: Nasdaq.com which released: “Top Ranked Momentum Stocks to Buy for August 30th - Nasdaq” on August 30, 2019, also Nasdaq.com with their article: “BUZZ-U.S. STOCKS ON THE MOVE-Boeing, Eli Lily, Newmont - Nasdaq” published on September 09, 2019, Benzinga.com published: “50 Biggest Movers From Yesterday - Benzinga” on August 27, 2019. More interesting news about Purple Innovation, Inc. (NASDAQ:PRPL) were released by: Benzinga.com and their article: “60 Biggest Movers From Friday - Benzinga” published on August 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Have Insiders Been Buying Purple Innovation, Inc. (NASDAQ:PRPL) Shares? - Yahoo Finance” with publication date: May 27, 2019.

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