People Incorporated Common Stock (NASDAQ:PPLI) Stock Gets Price Target Reduction from KeyCorp

People Incorporated Common Stock (NASDAQ:PPLI) had its price objective reduced by KeyCorp from $50.00 to $44.00 in a research report released on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other research firms have also commented on PPLI. Citigroup upped their price objective on People Incorporated Common Stock from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. Wall Street Zen raised shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Citizens Jmp boosted their target price on shares of People Incorporated Common Stock from $47.00 to $54.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 5th. UBS Group boosted their target price 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. Finally, Truist Financial increased their price target on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.08.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock traded up $1.07 on Wednesday, hitting $42.08. The company had a trading volume of 1,101,026 shares, compared to its average volume of 903,083. People Incorporated Common Stock has a twelve month low of $31.42 and a twelve month high of $48.32. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.89 billion, a P/E ratio of -9.56 and a beta of 1.00. The company has a 50-day moving average price of $38.93 and a 200-day moving average price of $40.46.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its earnings results on Tuesday, November 10th. The company reported ($9.15) 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%. People Incorporated Common Stock’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts predict that People Incorporated Common Stock will post -1.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On People Incorporated Common Stock

A number of large investors have recently bought and sold shares of the business. Empyrean Capital Partners LP grew its holdings in People Incorporated Common Stock by 21.1% in the first quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after purchasing an additional 143,000 shares during the period. Russell Investments Group Ltd. raised its stake in shares of People Incorporated Common Stock by 53.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 442,189 shares of the company’s stock worth $18,554,000 after buying an additional 153,311 shares during the period. Royal Bank of Canada lifted its position in shares of People Incorporated Common Stock by 5.9% during 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 in the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of People Incorporated Common Stock by 4.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 450,788 shares of the company’s stock valued at $18,045,000 after buying an additional 19,801 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in People Incorporated Common Stock by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 315,957 shares of the company’s stock valued at $12,648,000 after acquiring an additional 6,198 shares during the period. Institutional investors and hedge funds 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.