People Incorporated Common Stock (NASDAQ:PPLI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $53.08.

A number of research firms have recently weighed in on PPLI. UBS Group dropped their target price on People Incorporated Common Stock from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, November 5th. Weiss Ratings lowered shares of People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d-)” rating in a report on Wednesday, November 4th. Citigroup dropped their price objective on People Incorporated Common Stock from $52.00 to $47.00 and set a “buy” rating for the company in a report on Wednesday, November 4th. Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, TD Cowen cut their price target on shares of People Incorporated Common Stock from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 4th.

People Incorporated Common Stock Stock Down 0.9%

PPLI opened at $43.55 on Friday. The company has a market capitalization of $3.02 billion, a P/E ratio of 5.26 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.01 and a quick ratio of 4.01. The firm’s fifty day moving average price is $39.33 and its two-hundred day moving average price is $40.54. People Incorporated Common Stock has a fifty-two week low of $31.42 and a fifty-two week high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) 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 13.30% and a negative net margin of 17.01%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts anticipate that People Incorporated Common Stock will post -1.99 EPS for the current year.

Hedge Funds Weigh In On People Incorporated Common Stock

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