Brokerages Set People Incorporated Common Stock (NASDAQ:PPLI) PT at $56.08

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have been given a consensus rating of “Moderate Buy” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $56.0769.

Several equities research analysts have weighed in on PPLI shares. Zacks Research upgraded shares of People Incorporated Common Stock from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. TD Cowen reiterated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Benchmark increased their price target on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of People Incorporated Common Stock in a research note on Friday, September 11th. They set an “overweight” rating and a $54.00 price target on the stock. Finally, Weiss Ratings raised shares of People Incorporated Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nilsine Partners LLC acquired a new position in shares of People Incorporated Common Stock during the second quarter valued at $1,492,000. Syon Capital LLC bought a new position in People Incorporated Common Stock in the second quarter valued at about $238,000. Essential Partners LLC increased its position in People Incorporated Common Stock by 177.1% in the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,027 shares during the period. Amundi increased its position in People Incorporated Common Stock by 397.4% in the first quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after purchasing an additional 121,681 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in People Incorporated Common Stock by 242.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,138 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors.

People Incorporated Common Stock Price Performance

Shares of PPLI stock opened at $36.76 on Friday. The stock’s fifty day moving average is $40.46 and its 200-day moving average is $41.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a market capitalization of $2.52 billion, a PE ratio of 8.21 and a beta of 1.03. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings results on Monday, August 3rd. The company reported $6.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $7.08. The business had revenue of $436.74 million during the quarter, compared to analysts’ expectations of $433.77 million. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 earnings per share. Equities research analysts expect that People Incorporated Common Stock will post 6.97 EPS for the current fiscal year.

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.