People Incorporated Common Stock (NASDAQ:PPLI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of People Incorporated Common Stock (NASDAQ:PPLI) have been given an average recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $56.0769.

PPLI has been the topic of several analyst reports. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, August 4th. Benchmark upped 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. Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, JPMorgan Chase & Co. started coverage on shares of People Incorporated Common Stock in a report on Friday, September 11th. They issued an “overweight” rating and a $54.00 price target for the company.

People Incorporated Common Stock Price Performance

PPLI opened at $35.97 on Friday. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 8.03 and a beta of 1.03. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $40.10 and a 200-day moving average price of $41.46. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings data on Monday, August 3rd. The company reported $6.68 earnings per share for the quarter, beating 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 analyst estimates of $433.77 million. During the same period in the previous year, the business earned $2.57 EPS. People Incorporated Common Stock’s revenue was down 1.5% compared to the same quarter last year. Equities analysts expect 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 made changes to their positions in the business. Nilsine Partners LLC purchased a new position in People Incorporated Common Stock during the second quarter worth about $1,492,000. Syon Capital LLC purchased a new stake in shares of People Incorporated Common Stock in the 2nd quarter valued at about $238,000. Essential Partners LLC raised its holdings 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 acquiring an additional 1,027 shares in the last quarter. Amundi raised 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 valued at $6,097,000 after acquiring an additional 121,681 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of People Incorporated Common Stock by 242.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock valued at $64,000 after acquiring an additional 1,138 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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.