People Incorporated Common Stock (NASDAQ:PPLI) Stock Has Consensus Target Price of $53.08

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $53.08.

PPLI has been the subject of a number of recent analyst reports. Truist Financial reduced their price objective on People Incorporated Common Stock from $62.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, November 4th. KeyCorp decreased their target price 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, November 4th. Wall Street Zen upgraded People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. The Goldman Sachs Group cut their price target on shares of People Incorporated Common Stock from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Finally, Zacks Research raised shares of People Incorporated Common Stock from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th.

People Incorporated Common Stock Stock Performance

PPLI stock opened at $43.79 on Friday. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.03 billion, a PE ratio of -9.95 and a beta of 1.00. The business has a 50 day moving average of $39.12 and a 200-day moving average of $40.50. People Incorporated Common Stock has a 12-month low of $31.42 and a 12-month high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($8.92). People Incorporated Common Stock had a positive return on equity of 13.30% and a negative net margin of 17.01%. People Incorporated Common Stock’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, sell-side analysts expect that People Incorporated Common Stock will post -1.99 earnings per share for the current year.

Institutional Trading of People Incorporated Common Stock

Large investors have recently added to or reduced their stakes in the stock. Nilsine Partners LLC purchased a new position in People Incorporated Common Stock in the second quarter valued at about $1,492,000. Royal Bank of Canada grew 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 acquiring an additional 25,423 shares during the period. Empyrean Capital Partners LP grew its position in shares of People Incorporated Common Stock by 21.1% during the 1st quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after acquiring an additional 143,000 shares during the period. Fifth Third Bancorp grew its position in shares of People Incorporated Common Stock by 17,176.1% during the 1st quarter. Fifth Third Bancorp now owns 31,097 shares of the company’s stock valued at $1,245,000 after acquiring an additional 30,917 shares during the period. Finally, Whitebox Advisors LLC increased its stake in shares of People Incorporated Common Stock by 71.8% during the 1st quarter. Whitebox Advisors LLC now owns 217,383 shares of the company’s stock worth $8,702,000 after purchasing an additional 90,819 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

About People Incorporated Common Stock

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.