Zacks Research Upgrades People Incorporated Common Stock (NASDAQ:PPLI) to Strong-Buy

People Incorporated Common Stock (NASDAQ:PPLI) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Citigroup reiterated an “outperform” rating on shares of People Incorporated Common Stock in a research report on Wednesday. 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 report on Wednesday. KeyCorp upped their target price on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. UBS Group increased their target price on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TD Cowen reissued a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.62.

People Incorporated Common Stock Trading Down 3.2%

NASDAQ PPLI opened at $41.58 on Thursday. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32. The stock has a 50-day simple moving average of $43.82 and a 200 day simple moving average of $41.10. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27. The company has a market capitalization 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 earnings results on Monday, August 3rd. The company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08. The firm had revenue of $436.74 million for the quarter, compared to analysts’ expectations of $433.77 million. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.57 earnings per share. Research analysts forecast that People Incorporated Common Stock will post -0.23 EPS for the current year.

Hedge Funds Weigh In On People Incorporated Common Stock

Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted 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. New Age Alpha Advisors LLC increased its position in People Incorporated Common Stock by 3.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock worth $356,000 after purchasing an additional 309 shares in the last quarter. Bleakley Financial Group LLC increased its position in People Incorporated Common Stock by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock worth $1,385,000 after purchasing an additional 404 shares in the last quarter. Franklin Resources Inc. lifted its stake in People Incorporated Common Stock by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after purchasing an additional 471 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in People Incorporated Common Stock by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after purchasing an additional 496 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

About People Incorporated Common Stock

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.