People Incorporated Common Stock (NASDAQ:PPLI) Raised to Strong-Buy at Zacks Research

People Incorporated Common Stock (NASDAQ:PPLI) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Other equities analysts have also issued research reports about the stock. Citizens Jmp assumed coverage on shares of People Incorporated Common Stock in a research report on Wednesday. They set a “market outperform” rating and a $47.00 price objective on the stock. Weiss Ratings cut shares of People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. KeyCorp decreased their target price on shares of People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group decreased their target price on shares of People Incorporated Common Stock from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Citigroup dropped their price target on shares of People Incorporated Common Stock from $52.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.08.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock opened at $41.01 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.01 and a quick ratio of 3.69. People Incorporated Common Stock has a fifty-two week low of $31.42 and a fifty-two week high of $48.32. The stock’s 50-day moving average is $38.87 and its two-hundred day moving average is $40.44. The firm has a market cap of $2.84 billion, a P/E ratio of -9.32 and a beta of 1.00.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($8.92). People Incorporated Common Stock had a negative net margin of 17.01% and a positive return on equity of 13.30%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts predict that People Incorporated Common Stock will post 6.97 earnings per share for the current fiscal year.

Institutional Trading of People Incorporated Common Stock

Several large investors have recently made changes to their positions in PPLI. Fulcrum Asset Management LLP lifted its holdings in People Incorporated Common Stock by 1,746.9% in the 3rd quarter. Fulcrum Asset Management LLP now owns 15,255 shares of the company’s stock worth $621,000 after purchasing an additional 14,429 shares during the last quarter. Nilsine Partners LLC bought a new stake in People Incorporated Common Stock during the second quarter worth approximately $1,492,000. Syon Capital LLC bought a new stake in People Incorporated Common Stock during the second quarter worth approximately $238,000. Essential Partners LLC boosted its position in People Incorporated Common Stock by 177.1% during the first quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,027 shares during the period. Finally, Amundi grew its holdings in People Incorporated Common Stock by 397.4% during the first quarter. Amundi now owns 152,304 shares of the company’s stock valued at $6,097,000 after purchasing an additional 121,681 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

More People Incorporated Common Stock News

Here are the key news stories impacting People Incorporated Common Stock this week:

• Positive Sentiment: Citizens JMP initiated coverage with a “market outperform” rating and a $47 target. Several other firms retained positive ratings, despite reducing their targets. Coverage report
• Neutral Sentiment: UBS lowered its target from $56 to $45 and moved to “neutral”; the new target remains above the cited $41.01 share price. UBS price target report
• Negative Sentiment: Citigroup, TD Cowen, Goldman Sachs, Truist and KeyCorp also cut their price targets, though they maintained buy or overweight ratings. The repeated reductions suggest analysts have tempered expectations. A report also highlighted a deep Q3 earnings loss, adding to concerns about results. Q3 earnings report

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.