People Incorporated Common Stock (NASDAQ:PPLI) Stock Bumped Down to “Hold” by Zacks Research

Zacks Research cut shares of People Incorporated Common Stock (NASDAQ:PPLI) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks reports.

Several other equities analysts have also commented on PPLI. Benchmark increased their target price on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings cut People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, September 24th. Wall Street Zen raised shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Citigroup lifted their price target on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Truist Financial boosted their target price on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.08.

People Incorporated Common Stock Stock Performance

NASDAQ:PPLI opened at $41.29 on Monday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.22 and a beta of 1.04. The business has a 50 day moving average of $39.56 and a 200 day moving average of $41.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69. 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 results 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 analysts’ expectations of $433.77 million. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $2.57 earnings per share. On average, sell-side analysts predict 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 and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after purchasing an additional 233 shares in the last quarter. Bleakley Financial Group LLC raised its stake in People Incorporated Common Stock by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock valued at $1,385,000 after purchasing an additional 404 shares in the last quarter. Essential Partners LLC lifted 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 valued at $64,000 after purchasing an additional 1,027 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in People Incorporated Common Stock by 242.6% during the first 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 last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in People Incorporated Common Stock by 10.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,247 shares of the company’s stock worth $570,000 after buying an additional 1,307 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

People Incorporated Common Stock Company Profile

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.