People Incorporated Common Stock (NASDAQ:PPLI) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of People Incorporated Common Stock (NASDAQ:PPLI) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks reports.

Several other research analysts have also issued reports on PPLI. Truist Financial dropped their target price on People Incorporated Common Stock from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup reduced their price target on People Incorporated Common Stock from $52.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price target on People Incorporated Common Stock from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group decreased their price target on People Incorporated Common Stock from $56.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, TD Cowen dropped their price objective on People Incorporated Common Stock from $70.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.08.

People Incorporated Common Stock Price Performance

People Incorporated Common Stock stock opened at $41.01 on Wednesday. People Incorporated Common Stock has a 12-month low of $31.42 and a 12-month high of $48.32. 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 firm has a 50-day moving average price of $38.87 and a 200-day moving average price of $40.44. The firm has a market capitalization of $2.84 billion, a PE ratio of -9.32 and a beta of 1.00.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($9.15) EPS for the quarter, missing the consensus estimate 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 13.30%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts forecast that People Incorporated Common Stock will post 6.97 EPS for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

Institutional investors and hedge funds 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% in the first quarter. Empyrean Capital Partners LP now owns 820,000 shares of the company’s stock valued at $32,825,000 after purchasing an additional 143,000 shares during the period. Royal Bank of Canada grew its stake in People Incorporated Common Stock by 5.9% in the first 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 in the last quarter. ACR Alpine Capital Research LLC grew its stake in 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 worth $18,045,000 after purchasing an additional 19,801 shares in the last quarter. Principal Financial Group Inc. grew its stake in 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 worth $12,648,000 after purchasing an additional 6,198 shares in the last quarter. Finally, Whitebox Advisors LLC increased its holdings in People Incorporated Common Stock by 71.8% during the 1st quarter. Whitebox Advisors LLC now owns 217,383 shares of the company’s stock worth $8,702,000 after purchasing an additional 90,819 shares during the period. Institutional investors own 88.90% of the company’s stock.

Key Stories Impacting People Incorporated Common Stock

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

• Positive Sentiment: Citizens JMP initiated coverage with a “market outperform” rating and a $47 target. Several other firms retained positive ratings, despite reducing their targets. Coverage report
• Neutral Sentiment: UBS lowered its target from $56 to $45 and moved to “neutral”; the new target remains above the cited $41.01 share price. UBS price target report
• Negative Sentiment: Citigroup, TD Cowen, Goldman Sachs, Truist and KeyCorp also cut their price targets, though they maintained buy or overweight ratings. The repeated reductions suggest analysts have tempered expectations. A report also highlighted a deep Q3 earnings loss, adding to concerns about results. Q3 earnings report

People Incorporated Common Stock Company Profile

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.