People Incorporated Common Stock (NASDAQ:PPLI) Stock Price Target Lowered at Citizens Jmp

People Incorporated Common Stock (NASDAQ:PPLI – Free Report) had its target price lowered by Citizens Jmp from $54.00 to $47.00 in a report issued on Wednesday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other research analysts have also issued reports on the company. Truist Financial lifted their target price on People Incorporated Common Stock from $50.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. KeyCorp cut their price target on shares of People Incorporated Common Stock from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday. TD Cowen restated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, August 4th. Weiss Ratings cut shares of People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Finally, Benchmark increased their target price on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.92.

View Our Latest Analysis on PPLI

People Incorporated Common Stock Stock Up 9.1%

Shares of PPLI stock opened at $41.99 on Wednesday. People Incorporated Common Stock has a 1 year low of $31.42 and a 1 year high of $48.32. The stock has a market cap of $2.88 billion, a PE ratio of -9.54 and a beta of 1.00. The business’s fifty day moving average is $38.84 and its 200-day moving average is $40.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.69 and a current ratio of 4.01.

People Incorporated Common Stock (NASDAQ:PPLI – Get Free Report) last posted 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 firm’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts expect that People Incorporated Common Stock will post 6.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On People Incorporated Common Stock

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of People Incorporated Common Stock by 61.3% during 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. Bleakley Financial Group LLC boosted its position in shares of People Incorporated Common Stock by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock valued at $1,385,000 after purchasing an additional 404 shares during the period. Essential Partners LLC boosted its position in shares of People Incorporated Common Stock by 177.1% in the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,027 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of People Incorporated Common Stock by 242.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock valued at $64,000 after purchasing an additional 1,138 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in People Incorporated Common Stock by 10.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 14,247 shares of the company’s stock worth $570,000 after purchasing an additional 1,307 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

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About People Incorporated Common Stock

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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.

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