People Incorporated Common Stock (NASDAQ:PPLI) Receives $53.62 Average PT from Analysts

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have been given an average rating of “Moderate Buy” by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $55.6154.

PPLI has been the topic of a number of research analyst reports. Barclays raised their price target on People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. 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. UBS Group boosted their target price on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday. KeyCorp upped their price target on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Citigroup reiterated an “outperform” rating on shares of People Incorporated Common Stock in a report on Wednesday.

People Incorporated Common Stock Price Performance

People Incorporated Common Stock stock opened at $42.94 on Friday. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $48.32. The firm’s 50-day moving average is $43.89 and its two-hundred day moving average is $41.10. The stock has a market capitalization of $2.95 billion, a P/E ratio of 9.58 and a beta of 1.04. 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 (NASDAQ:PPLI) last released its earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, topping the consensus estimate of ($0.40) by $7.08. The firm had revenue of $436.74 million during 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%. People Incorporated Common Stock’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.57 EPS. Equities analysts predict that People Incorporated Common Stock will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of People Incorporated Common Stock by 61.3% in the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after purchasing an additional 233 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in shares of People Incorporated Common Stock by 3.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after purchasing an additional 309 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of People Incorporated Common Stock by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock valued at $1,385,000 after acquiring an additional 404 shares in the last quarter. Franklin Resources Inc. boosted its holdings in People Incorporated Common Stock by 7.9% during the fourth quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after purchasing an additional 471 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after acquiring an additional 496 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

About People Incorporated Common Stock

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.