People Incorporated Common Stock (NASDAQ:PPLI) Stock Gets Price Target Trim from Citigroup

People Incorporated Common Stock (NASDAQ:PPLI) had its price target decreased by Citigroup from $52.00 to $47.00 in a research report report published on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

PPLI has been the subject of a number of other reports. Benchmark raised their price target on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. began coverage on shares of People Incorporated Common Stock in a report on Friday, September 11th. They issued an “overweight” rating and a $54.00 price objective on the stock. Citizens Jmp initiated coverage on shares of People Incorporated Common Stock in a research note on Wednesday. They issued a “market outperform” rating and a $47.00 price objective on the stock. Finally, Zacks Research cut shares of People Incorporated Common Stock from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.08.

People Incorporated Common Stock Stock Performance

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

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings data on Tuesday, November 10th. The company reported ($9.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($8.92). People Incorporated Common Stock had a positive return on equity of 13.03% and a negative net margin of 17.01%. People Incorporated Common Stock’s revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that People Incorporated Common Stock will post -1.99 EPS for the current fiscal year.

Institutional Investors Weigh In On People Incorporated Common Stock

A number of institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of People Incorporated Common Stock by 61.3% in 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 raised its holdings in People Incorporated Common Stock by 177.1% in 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 during the period. EverSource Wealth Advisors LLC boosted 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 worth $64,000 after purchasing an additional 1,138 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in People Incorporated Common Stock by 251.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock worth $76,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Syon Capital LLC purchased a new position in People Incorporated Common Stock during the second quarter worth approximately $238,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.