People Incorporated Common Stock (NASDAQ:PPLI) Stock Has Consensus Price Target of $56.08

People Incorporated Common Stock (NASDAQ:PPLI) has been assigned an average rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $56.08.

A number of research analysts recently commented on PPLI shares. Citizens Jmp upped their target price on 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. Zacks Research cut shares of People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. 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. Finally, TD Cowen reiterated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th.

People Incorporated Common Stock Price Performance

PPLI opened at $38.76 on Wednesday. The business has a 50 day moving average of $39.19 and a 200-day moving average of $41.72. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 8.65 and a beta of 1.04. 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 has a 1-year low of $29.56 and a 1-year high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its earnings results on Monday, August 3rd. The company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08. The business had revenue of $436.74 million for the quarter, compared to analyst estimates of $433.77 million. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. People Incorporated Common Stock’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.57 earnings per share. As a group, sell-side analysts anticipate that People Incorporated Common Stock will post 6.97 earnings per share for the current year.

Hedge Funds Weigh In On People Incorporated Common Stock

A number of large investors have recently modified their holdings of the stock. Aristeia Capital L.L.C. grew its position in shares of People Incorporated Common Stock by 100.7% during the 4th quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after buying an additional 2,861,871 shares during the period. Empyrean Capital Partners LP acquired a new position in shares of People Incorporated Common Stock in the 4th quarter valued at $26,471,000. Corvex Management LP increased its position in shares of People Incorporated Common Stock by 20.3% in the 4th quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock valued at $131,183,000 after buying an additional 566,696 shares in the last quarter. Amundi raised its stake in People Incorporated Common Stock by 397.4% during the 1st quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after buying an additional 121,681 shares during the period. Finally, Flax Pond Capital LLC bought a new position in People Incorporated Common Stock during the fourth quarter worth about $3,898,000. 88.90% of the stock is currently 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.