People Incorporated Common Stock (NASDAQ:PPLI) Raised to Strong-Buy at Zacks Research

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

A number of other brokerages have also weighed in on PPLI. Benchmark increased their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. TD Cowen dropped their price target on People Incorporated Common Stock from $70.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen upgraded People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. KeyCorp reduced their price target on People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on People Incorporated Common Stock in a report on Friday, September 11th. They issued an “overweight” rating and a $54.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.08.

People Incorporated Common Stock Stock Down 2.3%

People Incorporated Common Stock stock opened at $41.01 on Wednesday. The stock has a market cap of $2.84 billion, a P/E ratio of 5.02 and a beta of 1.00. The company has a quick ratio of 3.69, a current ratio of 4.01 and a debt-to-equity ratio of 0.31. People Incorporated Common Stock has a twelve month low of $31.42 and a twelve month high of $48.32. The company’s 50-day moving average price is $38.87 and its two-hundred day moving average price is $40.44.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($8.92). People Incorporated Common Stock had a positive return on equity of 13.30% and a negative net margin of 17.01%. The business’s revenue was down 3.6% 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 year.

Hedge Funds Weigh In On People Incorporated Common Stock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PPLI. Fulcrum Asset Management LLP lifted its position in shares of People Incorporated Common Stock by 1,746.9% during the 3rd quarter. Fulcrum Asset Management LLP now owns 15,255 shares of the company’s stock valued at $621,000 after acquiring an additional 14,429 shares during the period. Nilsine Partners LLC acquired a new stake in shares of People Incorporated Common Stock during the 2nd quarter worth $1,492,000. Syon Capital LLC acquired a new stake in shares of People Incorporated Common Stock during the 2nd quarter worth $238,000. Essential Partners LLC increased its position in shares of People Incorporated Common Stock by 177.1% in the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,027 shares during the period. Finally, Amundi increased its position in shares of People Incorporated Common Stock by 397.4% in the first quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after purchasing an additional 121,681 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

People Incorporated Common Stock News Roundup

Here are the key news stories impacting People Incorporated Common Stock this week:

• Positive Sentiment: Citizens JMP initiated coverage with a “market outperform” rating and a $47 target. Several other firms retained positive ratings, despite reducing their targets. Coverage report
• Neutral Sentiment: UBS lowered its target from $56 to $45 and moved to “neutral”; the new target remains above the cited $41.01 share price. UBS price target report
• Negative Sentiment: Citigroup, TD Cowen, Goldman Sachs, Truist and KeyCorp also cut their price targets, though they maintained buy or overweight ratings. The repeated reductions suggest analysts have tempered expectations. A report also highlighted a deep Q3 earnings loss, adding to concerns about results. Q3 earnings report

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.