People Incorporated Common Stock (NASDAQ:PPLI) Stock Rating Lowered by Zacks Research

People Incorporated Common Stock (NASDAQ:PPLI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other analysts have also recently commented on the company. Citizens Jmp lifted their price objective on People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 24th. JPMorgan Chase & Co. began coverage on People Incorporated Common Stock in a research note on Friday, September 11th. They set an “overweight” rating and a $54.00 price target on the stock. Citigroup raised their price target on People Incorporated Common Stock from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Finally, Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, People Incorporated Common Stock has an average rating of “Moderate Buy” and a consensus target price of $56.08.

People Incorporated Common Stock Stock Down 1.1%

PPLI stock opened at $41.29 on Monday. The stock has a market capitalization of $2.84 billion, a PE ratio of 9.22 and a beta of 1.04. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The company has a fifty day moving average of $39.56 and a 200-day moving average of $41.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its quarterly earnings results on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $7.08. The firm had revenue of $436.74 million for the quarter, compared to the consensus estimate 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 business earned $2.57 earnings per share. As a group, analysts expect that People Incorporated Common Stock will post 6.97 EPS for the current year.

Institutional Trading of People Incorporated Common Stock

Several institutional investors have recently added to or reduced their stakes in PPLI. Aristeia Capital L.L.C. raised its stake 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 acquiring an additional 2,861,871 shares during the period. Corvex Management LP boosted its position in People Incorporated Common Stock by 20.3% during the 4th quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock worth $131,183,000 after acquiring an additional 566,696 shares during the period. Empyrean Capital Partners LP grew its position in People Incorporated Common Stock by 21.1% in the 1st quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after buying an additional 143,000 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of People Incorporated Common Stock by 5.9% in the first quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock valued at $18,350,000 after acquiring an additional 25,423 shares in the last quarter. Finally, ACR Alpine Capital Research LLC raised its holdings in People Incorporated Common Stock by 4.6% during the first quarter. ACR Alpine Capital Research LLC now owns 450,788 shares of the company’s stock worth $18,045,000 after purchasing an additional 19,801 shares in the last quarter. 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.