People Incorporated Common Stock (NASDAQ:PPLI) Stock Gets Price Target Trim from TD Cowen

People Incorporated Common Stock (NASDAQ:PPLI) had its price target decreased by TD Cowen from $70.00 to $60.00 in a research report released on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research firms have also weighed in on PPLI. UBS Group raised their price objective on People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Truist Financial cut their target price on People Incorporated Common Stock from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their target price on People Incorporated Common Stock from $63.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp decreased their price target on People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Zacks Research cut People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.08.

People Incorporated Common Stock Price Performance

Shares of NASDAQ PPLI traded up $1.07 during midday trading on Wednesday, reaching $42.08. The company’s stock had a trading volume of 1,101,026 shares, compared to its average volume of 903,083. People Incorporated Common Stock has a one year low of $31.42 and a one year high of $48.32. The company has a market cap of $2.89 billion, a price-to-earnings 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. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its 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 company’s revenue was down 3.6% compared to the same quarter last year. On average, equities research analysts expect that People Incorporated Common Stock will post -1.99 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PPLI. Parallel Advisors LLC boosted its stake in shares of 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 buying an additional 233 shares during the period. Essential Partners LLC increased its stake in shares of 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 acquiring an additional 1,027 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of People Incorporated Common Stock by 242.6% in the first quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock worth $64,000 after acquiring an additional 1,138 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of People Incorporated Common Stock by 251.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock worth $76,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Syon Capital LLC purchased a new stake in shares of People Incorporated Common Stock during the second quarter worth $238,000. 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.