Analysts Set People Incorporated Common Stock (NASDAQ:PPLI) Target Price at $53.62

People Incorporated Common Stock (NASDAQ:PPLI) has been given an average rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $53.6154.

PPLI has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price target on People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Piper Sandler set a $52.00 price objective on People Incorporated Common Stock in a report on Thursday, May 7th. Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Wednesday, May 6th. Finally, Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd.

People Incorporated Common Stock Stock Performance

People Incorporated Common Stock stock opened at $46.43 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a fifty day moving average of $43.93 and a two-hundred day moving average of $41.05. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 125.49 and a beta of 1.04. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its quarterly earnings data on Monday, August 3rd. The company reported $6.68 EPS for the quarter, beating 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 return on equity of 8.66% and a net margin of 16.05%.The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 earnings per share. On average, analysts anticipate that People Incorporated Common Stock will post -0.23 EPS for the current fiscal year.

Institutional Trading of People Incorporated Common Stock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PPLI. UBS Group AG grew its holdings in People Incorporated Common Stock by 11.4% in the fourth quarter. UBS Group AG now owns 781,195 shares of the company’s stock valued at $30,545,000 after purchasing an additional 79,755 shares during the period. Tudor Investment Corp ET AL purchased a new position in People Incorporated Common Stock during the third quarter worth approximately $6,050,000. Davis Selected Advisers boosted its holdings in shares of People Incorporated Common Stock by 12.1% in the 4th quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock valued at $98,301,000 after purchasing an additional 270,383 shares during the last quarter. Factorial Partners LLC boosted its holdings in shares of People Incorporated Common Stock by 41.2% in the 4th quarter. Factorial Partners LLC now owns 48,000 shares of the company’s stock valued at $1,877,000 after purchasing an additional 14,000 shares during the last quarter. Finally, Brooktree Capital Management grew its stake in shares of People Incorporated Common Stock by 9.6% during the 4th quarter. Brooktree Capital Management now owns 320,899 shares of the company’s stock valued at $12,547,000 after buying an additional 28,221 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.