People Incorporated Common Stock (NASDAQ:PPLI) Given New $47.00 Price Target at Citizens Jmp

People Incorporated Common Stock (NASDAQ:PPLI) had its target price cut by research analysts at Citizens Jmp from $54.00 to $47.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp‘s target price would indicate a potential upside of 22.08% from the company’s current price.

A number of other analysts have also recently weighed in on PPLI. UBS Group boosted their price target on People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research lowered People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. TD Cowen reissued a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, August 4th. Benchmark boosted their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, 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. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, People Incorporated Common Stock has an average rating of “Moderate Buy” and an average price target of $55.00.

People Incorporated Common Stock Stock Up 4.4%

People Incorporated Common Stock stock opened at $38.50 on Wednesday. The company has a market capitalization of $2.64 billion, a P/E ratio of -8.75 and a beta of 1.00. The firm’s fifty day simple moving average is $38.79 and its 200-day simple moving average is $40.43. 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 issued its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) earnings per share (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 13.03% and a negative net margin of 17.01%. The business’s revenue was down 3.6% compared to the same quarter last year. Sell-side analysts forecast that People Incorporated Common Stock will post 6.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On People Incorporated Common Stock

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its position 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 worth $25,000 after purchasing an additional 233 shares during the last quarter. Essential Partners LLC boosted its stake in People Incorporated Common Stock by 177.1% during the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,027 shares during the period. EverSource Wealth Advisors LLC boosted its stake 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 valued at $64,000 after purchasing an additional 1,138 shares during the period. Rockefeller Capital Management L.P. grew its holdings in People Incorporated Common Stock by 251.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock valued at $76,000 after buying an additional 1,386 shares during the last quarter. Finally, Syon Capital LLC acquired a new stake in People Incorporated Common Stock in the 2nd quarter valued at approximately $238,000. 88.90% of the stock is currently owned by institutional investors.

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.