People Incorporated Common Stock (NASDAQ:PPLI) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of People Incorporated Common Stock (NASDAQ:PPLI) in a research report released on Friday, MarketBeat reports. The firm issued an overweight rating and a $54.00 target price on the stock.

Other equities research analysts also recently issued reports about the company. Benchmark lifted their price objective on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup increased their target price on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 17th. UBS Group raised their price target on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of People Incorporated Common Stock from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Truist Financial upped 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 report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.08.

People Incorporated Common Stock Price Performance

Shares of People Incorporated Common Stock stock opened at $37.51 on Friday. The business has a 50-day moving average of $41.62 and a 200-day moving average of $41.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69. The company has a market capitalization of $2.58 billion, a PE ratio of 8.37 and a beta of 1.03. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PPLI. Nilsine Partners LLC bought a new stake in shares of People Incorporated Common Stock in the 2nd quarter valued at approximately $1,492,000. Factorial Partners LLC lifted its stake in People Incorporated Common Stock by 41.2% during the fourth quarter. Factorial Partners LLC now owns 48,000 shares of the company’s stock worth $1,877,000 after purchasing an additional 14,000 shares during the last quarter. Royal Bank of Canada lifted its stake in People Incorporated Common Stock by 5.9% during the first quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock worth $18,350,000 after purchasing an additional 25,423 shares during the last quarter. Empyrean Capital Partners LP lifted its stake in People Incorporated Common Stock by 21.1% during the first quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock worth $32,825,000 after purchasing an additional 143,000 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in People Incorporated Common Stock by 17,176.1% in the first quarter. Fifth Third Bancorp now owns 31,097 shares of the company’s stock worth $1,245,000 after purchasing an additional 30,917 shares during the period. Institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.