People Incorporated Common Stock (NASDAQ:PPLI) Stock Has Average Target Price of $56.08 According to Brokerages

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $56.08.

PPLI has been the topic of a number of research reports. Citigroup increased their price objective 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. Weiss Ratings upgraded shares of People Incorporated Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. TD Cowen restated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Benchmark upped their price target 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. Finally, Citizens Jmp upped their price target on shares of People Incorporated Common Stock from $47.00 to $54.00 and gave the company a “market outperform” rating in a report on Wednesday, August 5th.

Institutional Trading of People Incorporated Common Stock

A number of hedge funds have recently modified their holdings of the stock. Aristeia Capital L.L.C. lifted its holdings in People Incorporated Common Stock by 100.7% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock valued at $222,966,000 after acquiring an additional 2,861,871 shares during the period. Corvex Management LP grew its stake in shares of People Incorporated Common Stock by 20.3% during the 4th quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock worth $131,183,000 after purchasing an additional 566,696 shares during the period. Empyrean Capital Partners LP grew its stake in shares of People Incorporated Common Stock by 21.1% during the 1st quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock worth $32,825,000 after purchasing an additional 143,000 shares during the period. Royal Bank of Canada increased its holdings in shares of People Incorporated Common Stock by 5.9% during the 1st quarter. Royal Bank of Canada now owns 458,414 shares of the company’s stock valued at $18,350,000 after purchasing an additional 25,423 shares in the last quarter. Finally, ACR Alpine Capital Research LLC increased its holdings in shares of People Incorporated Common Stock by 4.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 450,788 shares of the company’s stock valued at $18,045,000 after purchasing an additional 19,801 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Price Performance

Shares of NASDAQ:PPLI opened at $38.76 on Wednesday. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve 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 company has a market cap of $2.66 billion, a PE ratio of 7.36 and a beta of 1.04. The company’s 50 day moving average is $39.19 and its 200 day moving average is $41.70.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings data on Monday, August 3rd. The company reported $6.68 EPS for the quarter, beating the consensus estimate of ($0.40) by $7.08. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The business had revenue of $436.74 million during the quarter, compared to analysts’ expectations of $433.77 million. During the same period in the previous year, the business posted $2.57 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that People Incorporated Common Stock will post 6.97 EPS for the current year.

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.