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

People Incorporated Common Stock (NASDAQ:PPLI – Free Report) had its price target reduced by KeyCorp from $50.00 to $44.00 in a research report sent to investors on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Benchmark increased their target price on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings lowered shares of People Incorporated Common Stock from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. 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. Truist Financial boosted their price objective on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on shares of People Incorporated Common Stock in a research note on Friday, September 11th. They set an “overweight” rating and a $54.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.92.

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People Incorporated Common Stock Price Performance

Shares of NASDAQ PPLI opened at $41.99 on Wednesday. The company has a current ratio of 4.01, a quick ratio of 3.69 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of -9.54 and a beta of 1.00. People Incorporated Common Stock has a twelve month low of $31.42 and a twelve month high of $48.32. The business has a 50 day simple moving average of $38.84 and a 200-day simple moving average of $40.44.

People Incorporated Common Stock (NASDAQ:PPLI – Get Free Report) 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 13.30% and a negative net margin of 17.01%. People Incorporated Common Stock’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts expect that People Incorporated Common Stock will post 6.97 earnings per share for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

Several large investors have recently added to or reduced their stakes in the stock. Empyrean Capital Partners LP boosted its holdings in shares of People Incorporated Common Stock by 21.1% during the first quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after acquiring an additional 143,000 shares during the period. Amundi increased its holdings in shares of People Incorporated Common Stock by 397.4% in the 1st quarter. Amundi now owns 152,304 shares of the company’s stock worth $6,097,000 after acquiring an additional 121,681 shares during the period. Quantinno Capital Management LP increased its holdings in shares of People Incorporated Common Stock by 80.0% in the 1st quarter. Quantinno Capital Management LP now owns 205,408 shares of the company’s stock worth $8,222,000 after acquiring an additional 91,293 shares during the period. Whitebox Advisors LLC increased its holdings in shares of People Incorporated Common Stock by 71.8% in the 1st quarter. Whitebox Advisors LLC now owns 217,383 shares of the company’s stock worth $8,702,000 after acquiring an additional 90,819 shares during the period. Finally, Nilsine Partners LLC acquired a new stake in shares of People Incorporated Common Stock in the 2nd quarter worth about $1,492,000. 88.90% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting People Incorporated Common Stock

Here are the key news stories impacting People Incorporated Common Stock this week:

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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Analyst Recommendations for People Incorporated Common Stock (NASDAQ:PPLI)

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