People Incorporated Common Stock (NASDAQ:PPLI) Price Target Raised to $56.00

People Incorporated Common Stock (NASDAQ:PPLI) had its target price upped by UBS Group from $49.00 to $56.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on PPLI. Benchmark upped their price target on People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp boosted their price objective on People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Truist Financial upped their target price on People Incorporated Common Stock from $50.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday. Citizens Jmp upped their target price on People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group increased their target price on People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.62.

People Incorporated Common Stock Stock Down 3.2%

PPLI stock opened at $41.58 on Wednesday. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. The firm’s fifty day moving average is $43.82 and its 200 day moving average is $41.10. The firm has a market cap of $2.86 billion, a PE ratio of 9.28 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI) last issued its quarterly earnings data on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The business had revenue of $436.74 million during the quarter, compared to the consensus estimate of $433.77 million. During the same quarter in the prior year, the firm posted $2.57 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that People Incorporated Common Stock will post -0.23 EPS for the current year.

Institutional Investors Weigh In On People Incorporated Common Stock

Large investors have recently modified their holdings of the business. Parallel Advisors LLC raised 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 buying an additional 233 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after buying an additional 496 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of People Incorporated Common Stock in the third quarter worth about $38,000. Quarry LP acquired a new position in People Incorporated Common Stock during the fourth quarter worth about $59,000. Finally, Essential Partners LLC grew its stake in People Incorporated Common Stock by 177.1% during the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Company Profile

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.