UBS Group Has Lowered Expectations for People Incorporated Common Stock (NASDAQ:PPLI) Stock Price

People Incorporated Common Stock (NASDAQ:PPLI) had its target price dropped by investment analysts at UBS Group from $56.00 to $45.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group‘s price objective indicates a potential upside of 6.94% from the stock’s previous close.

A number of other equities research analysts have also recently commented on PPLI. Zacks Research cut People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Truist Financial reduced their price target on People Incorporated Common Stock from $62.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen upgraded People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Benchmark raised their price objective on 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 initiated coverage on People Incorporated Common Stock in a research note on Wednesday. They set a “market outperform” rating and a $47.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.08.

People Incorporated Common Stock Stock Performance

Shares of PPLI traded up $1.07 during trading hours on Thursday, hitting $42.08. The stock had a trading volume of 1,101,026 shares, compared to its average volume of 903,083. The firm has a 50-day moving average price of $38.93 and a 200 day moving average price of $40.46. People Incorporated Common Stock has a fifty-two week low of $31.42 and a fifty-two week high of $48.32. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -9.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) earnings per share 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%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, research 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

Several hedge funds and other institutional investors have recently made changes to their positions in PPLI. Empyrean Capital Partners LP raised its position 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 buying an additional 143,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of People Incorporated Common Stock by 53.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 442,189 shares of the company’s stock worth $18,554,000 after purchasing an additional 153,311 shares during the last quarter. Royal Bank of Canada boosted 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 worth $18,350,000 after purchasing an additional 25,423 shares during the last quarter. ACR Alpine Capital Research LLC grew its position in shares of People Incorporated Common Stock by 4.6% in the first 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. Finally, Principal Financial Group Inc. grew its position in shares of People Incorporated Common Stock by 2.0% in the first quarter. Principal Financial Group Inc. now owns 315,957 shares of the company’s stock valued at $12,648,000 after purchasing an additional 6,198 shares in the last quarter. Hedge funds and other 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.