People Incorporated Common Stock (NASDAQ:PPLI) Given New $47.00 Price Target at Citigroup

People Incorporated Common Stock (NASDAQ:PPLI) had its target price lowered by stock analysts at Citigroup from $52.00 to $47.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price objective suggests a potential upside of 13.47% from the stock’s current price.

PPLI has been the subject of several other research reports. UBS Group increased their price objective on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of People Incorporated Common Stock in a report on Friday, September 11th. They set an “overweight” rating and a $54.00 price target for the company. Zacks Research cut People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings downgraded People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Finally, Benchmark raised their price objective on People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.92.

People Incorporated Common Stock Price Performance

NASDAQ PPLI traded up $2.92 during trading on Wednesday, hitting $41.42. 2,044,932 shares of the company’s stock were exchanged, compared to its average volume of 1,105,361. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.84 billion, a PE ratio of -9.41 and a beta of 1.00. People Incorporated Common Stock has a fifty-two week low of $31.42 and a fifty-two week high of $48.32. The stock’s 50 day moving average price is $38.79 and its two-hundred day moving average price is $40.43.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($8.92). People Incorporated Common Stock had a negative net margin of 17.01% and a positive return on equity of 13.03%. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Research 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 institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empyrean Capital Partners LP raised its stake in shares of 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 valued at $32,825,000 after acquiring an additional 143,000 shares during the last quarter. Royal Bank of Canada grew its position in shares of People Incorporated Common Stock by 5.9% in the 1st quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock valued at $18,350,000 after buying an additional 25,423 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of 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 acquiring an additional 19,801 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of People Incorporated Common Stock by 2.0% in the first quarter. Principal Financial Group Inc. now owns 315,957 shares of the company’s stock worth $12,648,000 after acquiring an additional 6,198 shares during the period. Finally, Whitebox Advisors LLC lifted its stake in shares of People Incorporated Common Stock by 71.8% in the first quarter. Whitebox Advisors LLC now owns 217,383 shares of the company’s stock worth $8,702,000 after acquiring an additional 90,819 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about People Incorporated Common Stock

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

• Positive Sentiment: Goldman Sachs, Truist, Citizens JMP and KeyCorp all maintained favorable ratings—buy, buy, market outperform and overweight, respectively. Their revised targets still imply potential upside from the roughly $41 share price. Goldman Sachs rating
• Neutral Sentiment: A news report says PPLI’s stock rose despite a deep Q3 earnings loss, suggesting the reported loss has not prevented the shares from advancing. The headline does not identify a specific reason for the move. People stock price rises despite Q3 loss
• Negative Sentiment: All four firms lowered their price targets: Goldman Sachs to $56 from $63, Truist to $59 from $62, Citizens JMP to $47 from $54, and KeyCorp to $44 from $50. The cuts signal more cautious valuation expectations, despite the firms retaining favorable ratings.
• Negative Sentiment: Third-quarter results are reported inconsistently. MarketBeat cites a $9.15-per-share loss versus expectations for a $0.23 loss and revenue down 3.6% year over year; Zacks instead reports earnings of $2.63 per share, beating estimates. The conflicting figures make the earnings signal unclear. Zacks Q3 earnings report

About People Incorporated Common Stock

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.