People Incorporated Common Stock (NASDAQ:PPLI) Given New $70.00 Price Target at Benchmark

People Incorporated Common Stock (NASDAQ:PPLI) had its price objective raised by research analysts at Benchmark from $60.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 56.39% from the company’s previous close.

Several other equities analysts have also recently weighed in on PPLI. The Goldman Sachs Group lifted their price target on People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Citigroup restated an “outperform” rating on shares of People Incorporated Common Stock in a research note on Wednesday. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday. Barclays upped their price target on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, People Incorporated Common Stock has a consensus rating of “Moderate Buy” and an average price target of $55.07.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock traded down $1.67 during trading on Wednesday, reaching $44.76. 854,487 shares of the company’s stock traded hands, compared to its average volume of 1,092,270. The firm’s 50-day moving average is $43.93 and its 200 day moving average is $41.05. The company has a market capitalization of $3.07 billion, a P/E ratio of 120.98 and a beta of 1.04. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $48.32. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings data 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. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.66%. The business had revenue of $436.74 million during the quarter, compared to analyst estimates of $433.77 million. During the same period in the previous year, the business earned $2.57 EPS. People Incorporated Common Stock’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that People Incorporated Common Stock will post -0.23 EPS for the current year.

Hedge Funds Weigh In On People Incorporated Common Stock

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in shares of People Incorporated Common Stock by 38.6% during the first quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock worth $19,087,000 after purchasing an additional 115,652 shares in the last quarter. United Services Automobile Association purchased a new stake in People Incorporated Common Stock in the first quarter valued at approximately $207,000. Empowered Funds LLC raised its stake in People Incorporated Common Stock by 9.8% in the first quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after purchasing an additional 718 shares in the last quarter. Focus Partners Wealth bought a new stake in People Incorporated Common Stock during the first quarter valued at approximately $270,000. Finally, Creative Planning lifted its position in People Incorporated Common Stock by 8.8% during the second quarter. Creative Planning now owns 11,619 shares of the company’s stock valued at $434,000 after purchasing an additional 944 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors.

People Incorporated Common Stock Company Profile

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.