People Incorporated Common Stock (NASDAQ:PPLI) Receives $55.92 Consensus PT from Analysts

People Incorporated Common Stock (NASDAQ:PPLI) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $55.9231.

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. TD Cowen restated a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, August 4th. Citigroup lifted their target price on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Jefferies Financial Group lowered People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Wednesday, May 6th. Finally, Piper Sandler set a $52.00 price target on People Incorporated Common Stock in a research note on Thursday, May 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of People Incorporated Common Stock by 42,721.4% in the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after purchasing an additional 3,120,799 shares during the period. Aristeia Capital L.L.C. grew its holdings in People Incorporated Common Stock by 100.7% during the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after purchasing an additional 2,861,871 shares during the period. Boston Partners acquired a new position in People Incorporated Common Stock during the fourth quarter worth approximately $29,114,000. Empyrean Capital Partners LP acquired a new position in People Incorporated Common Stock during the fourth quarter worth approximately $26,471,000. Finally, Corvex Management LP raised its stake in People Incorporated Common Stock by 20.3% in the fourth quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock valued at $131,183,000 after buying an additional 566,696 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

People Incorporated Common Stock Trading Up 0.1%

NASDAQ:PPLI opened at $39.32 on Tuesday. The company has a market cap of $2.70 billion, a P/E ratio of 8.78 and a beta of 1.04. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $48.32. The business has a 50 day moving average price of $42.91 and a two-hundred day moving average price of $41.27. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its quarterly earnings data on Monday, August 3rd. The company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $7.08. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The company had revenue of $436.74 million for the quarter, compared to the consensus estimate of $433.77 million. During the same period last year, the company earned $2.57 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts expect that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

About People Incorporated Common Stock

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.