People Incorporated Common Stock (NASDAQ:PPLI) Stock Gets Price Target Cut from Truist Financial

People Incorporated Common Stock (NASDAQ:PPLI) had its target price reduced by Truist Financial from $62.00 to $59.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on PPLI. UBS Group increased their price target on People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on People Incorporated Common Stock in a report on Friday, September 11th. They issued an “overweight” rating and a $54.00 price objective for the company. Citizens Jmp started coverage on People Incorporated Common Stock in a research report on Wednesday. They set a “market outperform” rating and a $47.00 price objective for the company. 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 report on Monday, August 17th. Finally, Weiss Ratings downgraded People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.08.

People Incorporated Common Stock Stock Performance

People Incorporated Common Stock stock traded up $1.07 during midday trading on Wednesday, reaching $42.08. 1,101,026 shares of the company traded hands, compared to its average volume of 903,083. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -9.56 and a beta of 1.00. The business has a 50 day moving average of $38.93 and a two-hundred day moving average of $40.46. People Incorporated Common Stock has a 12 month low of $31.42 and a 12 month high of $48.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its earnings results 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 13.03% and a negative net margin of 17.01%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, research analysts predict that People Incorporated Common Stock will post -1.99 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of People Incorporated Common Stock by 61.3% in the 1st quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after purchasing an additional 233 shares in the last quarter. Essential Partners LLC lifted its position in People Incorporated Common Stock by 177.1% during the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,027 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in People Incorporated Common Stock by 242.6% during the first quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,138 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in People Incorporated Common Stock by 251.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock valued at $76,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Syon Capital LLC bought a new stake in People Incorporated Common Stock during the second quarter valued at about $238,000. Hedge funds and other 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.