People Incorporated Common Stock (NASDAQ:PPLI) Stock Gets Price Target Cut from The Goldman Sachs Group

People Incorporated Common Stock (NASDAQ:PPLI) had its target price trimmed by The Goldman Sachs Group from $63.00 to $56.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Benchmark lifted their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Citizens Jmp started coverage on shares of People Incorporated Common Stock in a report on Wednesday. They issued a “market outperform” rating and a $47.00 price target on the stock. Truist Financial reduced their price target on shares of People Incorporated Common Stock from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp lowered their price objective 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. Finally, Citigroup upped their target price on shares of People Incorporated Common Stock from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, People Incorporated Common Stock has an average rating of “Moderate Buy” and a consensus price target of $53.08.

People Incorporated Common Stock Trading Up 2.6%

Shares of NASDAQ PPLI traded up $1.07 during midday trading on Wednesday, hitting $42.08. The company’s stock had a trading volume of 1,101,026 shares, compared to its average volume of 903,083. People Incorporated Common Stock has a 12-month low of $31.42 and a 12-month high of $48.32. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27. The firm has a market cap of $2.89 billion, a P/E ratio of -9.56 and a beta of 1.00. The business’s 50 day moving average is $38.93 and its two-hundred day moving average is $40.46.

People Incorporated Common Stock (NASDAQ:PPLI) last posted 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 negative net margin of 17.01% and a positive return on equity of 13.03%. People Incorporated Common Stock’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts expect that People Incorporated Common Stock will post -1.99 EPS for the current year.

Hedge Funds Weigh In On People Incorporated Common Stock

A number of hedge funds and other institutional investors have recently made changes to their positions in PPLI. Russell Investments Group Ltd. increased its stake in shares of People Incorporated Common Stock by 53.1% during the third quarter. Russell Investments Group Ltd. now owns 442,189 shares of the company’s stock valued at $18,554,000 after buying an additional 153,311 shares during the period. Empyrean Capital Partners LP raised its holdings in shares of People Incorporated Common Stock by 21.1% in the first 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 in the last quarter. Amundi lifted its stake in People Incorporated Common Stock by 397.4% in the first quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after acquiring an additional 121,681 shares during the period. Quantinno Capital Management LP lifted its stake in People Incorporated Common Stock by 80.0% in the first quarter. Quantinno Capital Management LP now owns 205,408 shares of the company’s stock worth $8,222,000 after acquiring an additional 91,293 shares during the period. Finally, Whitebox Advisors LLC grew its holdings in 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 acquiring an additional 90,819 shares in the last quarter. 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.