Truist Financial Has Lowered Expectations for People Incorporated Common Stock (NASDAQ:PPLI) Stock Price

People Incorporated Common Stock (NASDAQ:PPLI) had its price objective decreased by investment analysts at Truist Financial from $62.00 to $59.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price objective suggests a potential upside of 43.06% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. UBS Group lifted their price target on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. KeyCorp dropped their price target on shares of People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. Zacks Research downgraded shares of People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings lowered shares of People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.77.

People Incorporated Common Stock Trading Up 7.1%

Shares of People Incorporated Common Stock stock traded up $2.74 during trading hours on Wednesday, hitting $41.24. The company’s stock had a trading volume of 859,039 shares, compared to its average volume of 1,099,741. People Incorporated Common Stock has a twelve month low of $31.42 and a twelve month high of $48.32. The firm has a fifty day moving average of $38.79 and a 200-day moving average of $40.43. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -9.37 and a beta of 1.00. 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 released 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 positive return on equity of 13.03% and a negative net margin of 17.01%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Research analysts forecast that People Incorporated Common Stock will post 6.97 EPS for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of institutional investors have recently modified their holdings of PPLI. Parallel Advisors LLC boosted its holdings in People Incorporated Common Stock by 61.3% during the 1st quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after acquiring an additional 233 shares during the period. Essential Partners LLC grew its position in People Incorporated Common Stock by 177.1% in the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 1,027 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in People Incorporated Common Stock by 242.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 1,138 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake 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 worth $76,000 after purchasing an additional 1,386 shares during the period. Finally, Syon Capital LLC purchased a new stake in People Incorporated Common Stock during the second quarter worth about $238,000. 88.90% of the stock is owned by institutional investors and hedge funds.

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.